1. Morning Star Pattern 2. Latest candle (26th oct21) closed above 0.5 fibo and 20ema 3. RSI above 50
Hello guys back with nalco update: so as we can see that we have been on correction on nalco for 2days know and i think it might correct little bit more from here and touch the daily trend line which 100-102 as i see and their is also my fib level so i will be looking for buy at 99-100 on nalco with target of 110, 113, 118 .
this is the daily chart. only for educational purpose.
NATIONALUM (M):- 121.7 CMP, looks good for more upsides keep track :)
The stock is out of consolidation and is in uptrend. See charts for the targets
Disclaimer : This is just my view as I am learning how price action works only by watching this particular stock. NALCO has formed a Inside Bar Pattern on Daily Chart. This might indicate a big move above 91 or below 87.8 Since aluminum index is stable and is more in demand, I feel it’s a long from this support line of 89-90. Might expect a big move if the...
#national aluminum Has delivered 25%. Now need to watch. Of sustains the breakout out...then bigger targets will be achieved.!! #VR
NATIONALUM 1,long time down trend reversed 2, rising wedge pattern up side move 3. next target coming soon
Look fresh in range 90-96 for upside 120-140 med term with SL 70...!!!
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NSE:NATIONALUM Observations: 1) On Daily time frame it is already taken good support and reversal from 100DMA and now it is just closed below 21DMA. Please refer below chart : Daily time frame. 2) On 1hr time frame it is just below next resistance zone. And it formed kind of inverse head and shoulder pattern. Please refer below chart: 1 hour time...
Chart indicating a high probability of bullish trend to continue on a 1h time frame. INTIMATIONS:- 1- BASIC TRENDLINE: Closing on Support/Resistance at 85.00INR. NSE:NATIONALUM 2- MOMENTUM INDICATOR: RSI crossing 60 with high volumes. 3- TREND INDICATOR: ADX crossing 20 hence trend is confirmed. WHAT TO DO:- 1- SWING TRADE: FOLLOW THE STRICT...
I think it is a good buying setup Hammer Formation exactly on trend line and just above support
Medium term view The stock is near support level.
NATIONALUM : Rounding bottom - Given in April at 60 - CMP 87 - Strong resistance now. Just personal view
Levels mentioned in the chart. Please use comment section for any queries/suggestions :-)
National Aluminium Share has broken the resistance of 85, if you see in 15minutes times frame, . So, the share tested this level multiple times, and Finally it is broken. . You can see chart in weekly time frame after Rs.85.50 it had reached Rs.100 in the year between 2017-2018. . So you can make the position once it cross 85.50. . What's your view on this comment...