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
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%
NATIONALUM HAS FORMED A DESCENDING TRIANGLE PATTERN AND A SMALL RETRACEMENT TILL 29/30 CAN'T BE RULED OUT BUT I THINK A STRONG SUPPLY WILL EMERGE NEAR THIS ZONE AS ITS THE TRENDLINE RESISTANCE WHICH IS CONTINUOUSLY BEING RESPECTED AND CAN BE USED TO CREATE A SHORTING OPPORTUNITY AS IT CAN BREAK THE EARLIER LOWS OF 24.5 IN NEAR FUTURE.
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
BUY NATIONALUM FUT ABOVE 43 TGT- 45.6 47 49 Closing base SL- 39 How to follow our calls & earn maximum profit from our calls 1. You should always keep the STOP LOSS. In the market only SL will SAVE YOU 2. When Target1 is ACHIEVED, TRAIL your SL to BUY/SELL PRICE. 3. Subsequently when Target2 is ACHIEVED, TRAIL your SL to Target1. 4. Subsequently when Target3...
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