NSE:NATIONALUM trying to break the trendline. Watch for momentum above 38
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 -...
National Aluminum seems to be consolidating. The preceding trend was a solid uptrend and the stock is likely to give a breakout on the upside. Keep on radar. Like and follow. NSE:NATIONALUM
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.
Number-6 unit of the TimeCycle has been initiated which in up-direction for NALCO. This timeCycle middle time for complete up move is at 2022. Daily TimeCycle : Fundamental & Hindalco of the % move > relative to NALCO.
Weekly TF: The Hindalco of the % move , more in the calculation of NALCO(NSE:NATIONALUM). Nalco moves Supreme Court against Vedanta’s unit.
buy at 39 and buy more on dip near 36, target 45,50++ (3-6months) RSI> 60 sector looks ready for big move.
Long term trend line breakout. Buy above 38. Volumes decent. Expect 45-50 levels and long term expect higher.
NATIONAL ALUM IS READY FOR INVESTMENT PURPOSES AND CAN BE SEEN TO REACH GOOD LEVELS IN NEAR FUTURE TARGETS ARE 38-42 AND LONG TERM TARGETS ARE 58-60+
Similar pattern to that of Coal India. Chance of breakout.
a. Zone: Strong Bear b. Resistance 1: 33.20 c. Resistance 2: 35.60 d. Support 1: 32.20 e. Support 2: 30.20
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...
Ascending 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
Hit like if you agree or comment your views Why long- -Golden crossover formed EMA 20 support Demand zone support on daily timeframe
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...
After 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.
Note: 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.
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