This post is only for Educational Purpose.
Just to remind you all the Power of technical Analysis.
What a picture-perfect move by National Aluminum with,
- Wave Theory
- Bullish Continues Divergences with MACD
- Double Bottom & Top Chart Pattern
- Tringle Pattern Breakout with Retest
- Reversed Bullish Divergence with RSI
All these together works perfectly here.
📊 DETAILS
Sector: Aluminium & Aluminium Products
Mkt Cap: 30,451 cr
Incorporated in 1981, National Aluminium Company Limited (NALCO) manufactures and sells Alumina and Aluminium
TTM PE : 20.49 (High PE)
Sector PE : 30.24
Beta : 1.91
📚 INSIGHTS
Mid-range performer
Stock with medium financial performance with average price momentum and...
National Aluminum is an interesting chart showing signs of negative RSI divergence on weekly charts
Price in case of fall can fetch neckline of BAT pattern i.e. 132 Positionally and 154 being immediate 20 SMA Weekly support
Pattern fails if closes above 198
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for...
Hi,
NSE:NATIONALUM has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on daily, weekly and Monthly time frames. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry,...
We have seen in past how consolidation breakouts always give rocket moves.
One such pre breakout consolidation trade is NALCO
If this stock manages to sustain above 140, we will enter mad bull run in this stock.
It is always safe to enter before breakout since we get an option to partially book and trail SL post breakout.
Levels mentioned on chart. I hope you all...
National Al has closed above the Box Range
Metal Stocks are in Momentum
It needs to sustain above Prev day's High to show more Recovery
Otherwise it may come back to Prev Range
Keep Tracking Charts
For Educational purposes
Learn and Practice Price Action Setups
National Aluminium - Long
Price levels
BUY INSIDE THE TRIANGLE - FOR SHORT-TERM /SWING TRADE WITH CALCULATED RISK: 166.15 – 151.95
BUY & ACCUMULATE ON DIPS - FORLONG-TERM : 150.50-139.85 76.25
Target 1: 180.10
Major Support: 139.60
**Disclaimer:
I am NOT a SEBI registered consultant/Advisor (and NOT any country-authorized board registered...
#National Aluminium Near Multiyear Breakout(16 Years)
Please see Yearly & also Monthly chart
What do you think about this chart?
Any Suggestion or view
please comment
The stock broke the level which is facing resistance from 2007.
The stock made restest and trying move up.
The entry price is 160 and if stock break 165 level then there is free up move upto 225
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...
Chart analysis:
Pattern: Basing pattern is formed. Consolidation might happen near breakout zone after a big rally.
Breakout: Basing pattern is broke the All Time High (ATH) price after 16 years.
Volume: Volume action is clearly visible near breakout zone.
Trade setup:
Entry price: Close of 148.40 price break candle.
Stop loss: Below Low of price...
Stock is in strong uptrend and after consolidation of one year stock has again continue its journey. All RSI are above 60 (D+W+M). If we look at the behavior of the stock, the stock was actually trading in a big price range i.e 25 to 125 from 2008 to till date. Now the stock has comfortably sitting above that range for past 3-4 weeks. Looks good to reach the...
