NATIONALALUM#NATIONALUM
Trend: Stock is in an uptrend with recent breakout through resistance levels. Support Level: Around *220.
Resistance Level: Near *240 (recent high).
Volume: High trading volume, indicating strong buying interest.
Entry Point: Buy near *220-225 on pullback for optimal entry. Short-Term Target: 245-250 if uptrend continues.
Stop Loss: Place stop loss around *210 to limit downside risk.
Outlook: Bullish; look for potential pullback to support zone for a better buying opportunity.
Nationalumanalysis
NATIONALUM : Swing Trade#NATIONALUM #swingtrade #chartpattern #trendingstock
NATIONALUM : This is how i expect the Stock to move
>> Low PE Stock
>> Trending Setup on Daily
>> Chart pattern Visible
>> Possibility of failed breakdown and then up move
>> Good Strength & Volumes
Swing Traders can lock profit at 10% and keep trailing
Market is continuously falling and its uncertain as to how much more fall is pending, so trade only good structures with proper Risk management and proper Stop-loss Rules.
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
*National Aluminum cmp 207.04 by Monthly Chart since listed**National Aluminum cmp 207.04 by Monthly Chart view since listed*
- Weekly basis Support at 192 > 169 > 143 with Resistance only at ATH 212.40
- Volumes steady over past few weeks and supportive for more beyond ATH 212.40 done today
- *Stock chart has formed back to back Bullish Rounding Bottoms with the neckline at Support Zone*
NATIONALUM (Multi-year Breakout Soon)National Aluminium Company Limited (NATIONALUM) will be giving a multiyear breakout soon. If the stock closes above 141.60 (M) level, it can head over to 160,200,250, and 280 in the coming few months. The level of 141 can act as a support zone. Also, good volumes can be seen on the monthly chart.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
"NATIONALUM" crossing crucial Fibonacci levels.NSE:NATIONALUM has been above 0.50 Fibonacci levels and MACD and STOC RSI also are in the positive note.
TARGET 1 : 84.25
TARGET 2: 86.75
STOP LOSS : 78.55
Disclaimer: The following information is for educational and informational purposes only and should not be construed as financial advice or a recommendation to buy, sell or hold any stock or investment. Technical analysis is a method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. However, the future performance of a stock or investment cannot be guaranteed based on technical analysis alone, and other factors, such as economic conditions and company fundamentals, should be considered when making investment decisions. Before making any investment decisions, please consult with a licensed financial advisor and conduct your own research to determine if an investment is suitable for your individual circumstances and risk tolerance. Past performance is not indicative of future results, and investing involves risk, including the possible loss of principal.
Must See This Hello everyone, Today I am again here with a new swing trade NATIONAL ALUMINIUM as you can see it has made a double bottom and a support at 200 ma and also rsi is heading upwards towards 70 and 80 and when you go to Monthly Chart you will find that a very previous line that is supporting it at this point and if you watch its nature it is a stock that when moves up gives you a very bullish signal and gives you a minimum return upto 70% but if you are doing a swing trade you have to take the target of a swing or 10% - 20%. So if you are seeking for this type of return you can find it easily in this, If you like these type of content pls do follow us and like this Post btw, Thank You, Bye.
Disclaimer:- We are not a SEBI Registered advisors, these type of idea is only for awaring you what is going on in the markets and educational purpose.
#NATIONALALUMINUM SWING SETUPNSE:NATIONALUM
trade according to support and resistance.
current candle (inside bar) will play a crucial role at this level, so trade accordingly.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
National Aluminum Company Channel Breakout - BULLISH NSE:NATIONALUM has took a very strong support at 89 and now continuously leading toward its all time high. during this journey it has also made a channel pattern and now it has also been braked and highly bullish sign can be seen on chart. we can plan for a swing trade here for 15% gain with at at 108 .
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HAPPY INVESTING
Simple Positional Long Trade Setup | NALCO | SHORT-MID TERMNSE:NATIONALUM
I am posting as one of the follower requested for it.
This is positional trade setup only.
Observations:
1) On Daily time frame, we can see that it faced resistance from 21DMA but closed above 10DMA. It is now in between 21DMA and 10DMA.
21DMA is immediate resistance and 10DMA is immediate support.
We can see that the critical level is 100.
Please refer below chart : 1 day Time Frame.
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Simple Positional Trade Setup.
Please refer below chart : 1 hr Time Frame.
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On 1 hr time frame,
If it sustain above 104 level then one can take buy trade. SL will be 98 with targets of 112.50 and 116 level.
One can also take positional buy trade from CMP with SL of 98 with targets of 108,112.50 and 116 level.
If it sustain take support from 100 or 96 level then one can take positional buy trade with targets of 108,112.50 and 116 level. For mid term positional trade keep SL at 94 level.
Below 94 level it will be bearish. Rest all details are mentioned on the chart.
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Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with SL as per your risk capacity. This is just my personal view. It is not a trade recommendation. Better to consult with financial advisor before making any investment.
Formation of Inside Bar Pattern in Daily ChartDisclaimer : 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 pattern activates.
Just a analysis, correct me if I’m wrong at any point. Thanks.
Simple Trade Setup | NATIONALUM | 30-08-2021NSE: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 frame.
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Trade Setup for Date 30-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tomorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Read chart like a PRO - NATIONALALUM Stock is taken for example and a possible long trade with 8% risk : National Alum
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➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
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