NATIONALUM, Harmonic Pattern & Fib. Ratio (Investors).Two important fibs ratio for Gartley -
XA retracement at 44 at 0.786.
1.618 CD projection at 46.25 .
=> 1.618AB = CD @55 ( investors )
The previous important level at 37 ( The price should not fall below it for long position)
Note: Investors should wait for pullback to enter.
=======================================================
Elliot Wave - Bottom is out? or new EW-Cycle.
Let's compare Elliot Wave of HINDALCO:
Longer & short TF - TimeCycle, NALCO.
Fundamental & Hindalco of the % move > relative to NALCO.
NATIONALUM
Elliot Wave - Bottom is out? or new EW-Cycle.A,B, and C corrective pattern is started or New Elliot Wave motive cycle is already started?
Harmonic Patterns exist.
We have to go lower timeframe for more clarity to determine tradable numbers.
Let's compare Elliot Wave of HINDALCO:
Longer & short TF - TimeCycle, NALCO.
=> Fundamental & Hindalco of the % move > relative to NALCO.
NATIONALUM Short I hope you can now see how Nationalum represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Ascending Triangle Breakout - National AluminiumAscending Triangle Breakout seen in NATIONALUM with high volume.
Buy only if the high of the breakout candle is broken.
RISKY TRADE
Target a 1:0.7 ratio first. Then, if you want, you can keep 25% of your position for 1:1 target.
Buy level: 39.5
Stop Loss: 36.25
First Target: 41.65
Second Target: 42.7
NATIONAL ALUMINIUM Analysis Shared !! GO LONG Target 7 %Hi guys this is Trader Kanishk
In this analysis OF national aluminium
we'll discuss
Why to go long
has it taken support
trendline breakout
new support levels
new targets
new stoploss levels
entry levels for sharp entry
and many more.
Please
Watch the entire video and
GO for It
DISCLAIMER
Every thing i have discussed in this video is only for educational purpose, do not consider this as a tip, or i am not saying you to buy or sell the stocks. This is all upto you. I am only sharing my analysis and views up to you. Trading is risky, so manage your risk reward before getting enter into any position.
One more very important thing
Guys let me tell you that i am a trader and a trader have a winning probability of 50-65% no any trader is there who have a winning ratio of 100% . Who says you that i am having a 100% winning strategy then F**k these type of people and try to be correct only 50 - 60 % of time which will give you a lot of money if you properly follow the risk reward ratio .
National Aluminium to break long term downtrendAfter weeks of downtrend Nationalalum is on the way to break the downtrend in the 3rd Elliot Wave.
1. Wait for break of the trend line.
2. Can go long after the retest of the trend line .
3. Final target of 5th wave-46.5 can be achieved.
4. Analysis get failed if the stock fails to break the trend.
National Alum - Kind of bullish breakoutNote: This is for educational purpose only.
There seems to be a bullish breakout with high volume. However, I am not too convinced if this is a true breakout or a false breakout due to wick which indicates selling pressure coming in. Need to wait for confirmation on next candle being closed above high of the current candle.
Ascending Triangle On National Aluminium.Today the National Aluminium has broken out from the Ascending Triangle .
---
The volume is comparatively high.
The quarterly results are positive too.
---
Now the breakout has happened, the previous resistance will act as a support 35.00
---
This is a good chance
---
Ignore the RSI