NALCO suggest strong movement with volumes after many days and holding above 30+ levels on daily chart. once can buy for target 40/- in coming days. with stop loss 30/-
can buy above 34.25 for intraday and swing
Stock : NATIONALUM CMP : 30 Current PE : 21.7 8 Years Average PE : 7.1 Entry Range : 27 - 28 Stop Loss : 23 - 24 ~ 13% Swing Target : 36 - 37 ~ 30% Long Term Target : 70 - 75 ~ 170% Allocation : 5%
NSE:NATIONALUM THE PRICE IN RANGE AND HAS MADE A DOUBLE TOP FOR SMALL TIME THIS COULD COME DOWN AND CHECK THE RANGE AND AT THE BOTTOM WE CAN GO FOR LONG FOR LONG TERM INVESTMENT ONLY FOR EDUCATIONAL PURPOSE
National Aluminum Monthly chart has formed Shark Pattern and holding its PRZ from the past 6 months with indecisive candles like spinning candle, hammer, doji, inverted hammer plus these candles are having good volume. RSI also trying to hold 40 support. However there is no price action confirmation, its still consolidating near the harmonic support zone.
Weekly and daily MACD crossover helps to move further upside upto the given target levls. CCI,Stoch and RSI also favorable to move upside. As per indicators view, expecting to move upside for short term only. Vijayaraghavn, Chennai
Today Nifty Metal sector is down as well as all metal stock down NATIONALUM sell below 48.5 with the stop loss 49.05 49.00 position is best for the Decide final trend
Refer chart.. Vijayaraghavan. K, Kovilpatti.
NATIONALUM short oppurtunity