NATIONALUM - Pattern target achieved Profit booking?NATIONALUM - Monthly chart.. Patter target achieved.. Profit booking could take place.. dont stay aggressively long.. trail with strict SL
NATIONALUM trade ideas
NATIONALUM - Nalco Wave 3 has endedNATIONALUM CMP 213
I have attached the weekly chart for reference.. at 236, the price has completed wave 3 and rounding bottom target.. expect it to go sub 200 levels in this wave 4 pullback
National Aluminum looks strong. Add to your WLNationalaluminium- add to your Watch List.
✅Good pattern- Forming VCP, inverse H&S
✅Stock in an uptrend.
✅Resisted the overall market fall
✅Never fell below 50-200 DMAs while many stocks
were trading well below that in this correction.
✅Volumes are picking up now.
✅3 White soldiers on DTF.
This is a good positional long-term bet. Accumulate or pyramid in this.
This is just my view. This is not a buy/sell recommendation. Please trade as per your risk appetite and discretion.
VIEW ON NALCOGood chart structure
Even after market been volatile this week stock has performed well
Target 260/290
Stop loss 220
I am just representing my views
For educational purpose only.
National Aluminium - Breakout-Retest and BreakoutNational Alum :
Breakout - Retest and currently fresh breakout
Looks good above 233.5
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.
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.
Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Stock under 250 Ready for big breakout-NationalaluminiumStock has been analyzed based on my trendline analysis. Please note that levels given are for training and educational purpose only. Please do consult your financial advisor before investing in the stock
VIEW ON NATIONALUMGood chart structure
Good volume buildup
If stock comes near 218-220 levels then add more
After crossing 227-230 levels more up move possible
Target 238/245
Stop loss 215
I am just representing my views
For educational purpose only.
NALCO Breaking Major Key LevelsNSE:NATIONALUM is Breaking Major Key Levels today with rising Volumes in the Past Few Days.
Keep in Radar.
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
National Aluminium SL Day candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
National Aluminium Company Ltd. (EDUCATIONAL PURPOSE ONLY)There is no guarantee in Stock market and Nothing over week.
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OE SELL RECOMMENDATIONS)
National Aluminium Company Ltd.
TARGET RS 223
CMP RS 222.92
ENTRY RANGE RS 220-226
STOP LOSS RS 200
Disclaimer: I am not Sebi Registered.
VIEW ON NATIONAL ALUMINIUMGood chart structure
Strong candle has been formed in today's session
Target 222/225
Stop loss 207
I am just representing my views
For educational purpose only.
National Aluminium Company Limited - Breakout Setup, Move is ON.#NATIONALUM trading above Resistance of 216
Next Resistance is at 331
Support is at 142
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NATIONALALUM Positional Long Date : 02-10-2024
-------------------------------------
Breakout (PICK RESEARCH TO OBSERVE)
NATIONALALUM Looks Good Above 230
SL 165
Target 236, 253, 270, 304, 370++
Hold Period : Few Weeks to Months
Reason for Pick : Breakout, Above 20, 50, 200 SMA
Please consult your financial advisor before investing
All research for educational purposes only.
National aluminium co. Ltd ascending triangle breakout completeNSE:NATIONALUM Ascending triangle breakout complete
Do as directed
Weekly chart uptrend chart. Trading near strong support zone
Rising volume breakout
This is not trading recommendation or advise 🚨
Do your analysis before taking any step.
Keep an eye on these levels for potential entry or exit pointsNational Aluminium Company Limited (NATIONALUM), here are the key levels based on the latest data:
Support Levels: ₹190, ₹185
Resistance Levels: ₹200, ₹205
The stock is currently trading around ₹192.201.
Keep an eye on these levels for potential entry or exit points.
National AluminiumAll important points are marked.
𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐢𝐬𝐤𝐬, 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. 𝐒𝐭𝐨𝐜𝐤𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐠𝐫𝐨𝐮𝐩 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐮𝐫𝐩𝐨𝐬𝐞. 𝐖𝐞 𝐝𝐨𝐧𝐭 𝐦𝐚𝐤𝐞 𝐚𝐧𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐬𝐡𝐚𝐫𝐞𝐝 𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐥𝐲 𝐨𝐟 𝐟𝐫𝐞𝐞 𝐨𝐟 𝐜𝐨𝐬𝐭.
*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*
National aluminium multi pattern trade idea National Aluminium trades within a broader rising wedge pattern, marked by the red lines. A counter-trendline (solid white line) also comes into play, indicating a shorter-term resistance zone. The stock recently broke through one of the dotted hidden lines, but it's still facing resistance from the upper hidden trendline, keeping it just below a key breakout point. The formation of higher lows, highlighted by the yellow circles, signifies strength in price action and building momentum.
Today's volume surge, notably higher than average, adds weight to the bullish sentiment. However, a significant breakout could only be confirmed once the price clears the last hidden line of resistance. Watching closely for this potential move
NALCO retested earlier BO NALCO a PSU CMP 184 retested the 170 zone after touching 206.Seems ready to touch the earlier high and break the ATH levels. Can be held for long term and add more if comes back to 165-170 levels.
Please check with ur financial adviser before investing.
National Alumimum : Showing Bullish Momentum.Price Action:
1. Trend Channel:The price is moving within an ascending channel, with multiple touches on both the upper and lower trendlines, indicating the price respects these levels.
2. Bullish Divergence:** A bullish divergence is visible as the price forms lower lows while the RSI forms higher lows. This suggests a potential reversal or upward momentum.
3. Current Price:The price is currently at ₹181.98, bouncing off a lower support level with a strong move upward of 5.09% on the day.
Volume Analysis:
Volume Spikes:** Noticeable spikes in volume indicate significant buying interest, particularly near the support level of the channel, which reinforces the potential for a reversal.
RSI Analysis:
Bullish Divergence: As highlighted, the RSI is showing a bullish divergence, where the RSI formed higher lows while the price formed lower lows, indicating waning selling pressure and a likely reversal.
Current RSI Level The RSI has crossed above 50, indicating strengthening bullish momentum.
Outlook:
Bullish: Given the bullish divergence, upward price movement, and strengthening RSI, the stock may continue moving upward, potentially targeting the upper boundary of the ascending channel.
Key Levels: The next resistance could be near the recent high around ₹200, while support remains at the lower boundary of the channel.
Conclusion:
This chart suggests a bullish outlook in the short to medium term, supported by a breakout from the bullish divergence, rising RSI, and positive price action within the ascending channel.
National aluminium co Ltd. Looking good for an upward move.The stock has been in retracement and been side ways. But now the stock has made a bullish harami pattern at support zone which can give a strong trend reversal. Can rally from here to make another all time high.if the market sustains .
Disclaimer: this is just for educational purposes only.
