NATIONALUM trade ideas
NATIONALIUM is GOING TO BE MULTIBAGGER PICK NATIONALIUM is GOING TO BE MULTIBAGGER PICK
Broken the long term descending Trendline .
long term Pick .
nalco 1hr for educational purpose only its not a call .please trade at your own risk.
on firaday it has given to you ,again it' looking good for upside movement.
National Aluminium SwingBuy National Alluminium
CMP 91-92
SL 85
Target 100
A very good triangle breakout is under formation.
Bullish NSE:NATIONALUMBuy = 103.7
SL = 96.55
Target 1 = 118.
Target 2 = 125.15
04/10/2021
Bullish NSE:NATIONALUM-->National Aluminium Company Limited
Buy for short term
NALCO 1hrFor educational purpose only it's not a call. Please do your own analysis.
Stock posted on Friday around 95 today it has made high of 106.big rally coming soon.
Now Wait for retest.
National Alluminium Again giving good volume breakout for tgt of 120 130 positional
with Strict Sl 86
Nationalum - Swing trade***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
National Aluminium - Descending triangle breakoutWith Alumina prices having shot up over the last week from 380 -> 465 and a few manufacturing facilities shutting down until the year end this bodes very well for Nalco.
Technically the stock has a descending triangle breakout if it follows thru tomorrow.
Long above 96.50.
SL 91.50.
Ideally looking for it to reach 112 and then 120.
NALCO 1HRFor educational purpose only it's not a call. Do your own analysis.
Trading in a channel. Given breakout of trendline.
Bullish above 96.
SWING TRADE IDEA ENTRY-90
TARGET-110
SL-80
Market Cap
₹ 17,154 Cr.
Current Price
₹ 93.4
High / Low
₹ 102 / 29.1
Stock P/E
10.5
Book Value
₹ 58.1
Dividend Yield
3.75 %
ROCE
12.8 %
ROE
12.6 %
Face Value
₹ 5.00
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.
NALCO POSITIONAL sell candidateNalco price action suggest reversal possible
fresh buying is missing around current levels
not able to manage the breakout of previous life high levels
rsi and macd divergence,,
good positional short candidate
national aluminium Above is the nalco share analysis for next week which can also happen tomorrow so i m looking at and taking the neutral approach here because nalco is at very critical level so whats my game plan here their are 2 things i m looking at
1. if nalco take support at fib level which uh can see that nalco has hovering around this level so if nalco give the break of 97 and sustain i would happy buy with target of 100,102,106
2. if nalco fails to and break 96 level and sustain below this level then would go and short it here with the first target of 92,90,86
Also, remember that national aluminium (nalco) has already gave a break of M-style pattern and giving a flag and s break of an side will take on the Momentum
Keep an eye#national aluminum
Has delivered 25%.
Now need to watch.
Of sustains the breakout out...then bigger targets will be achieved.!!
#VR
Buy National AluminiumIt is breaking previous high as seen in chart. If closes above 96.9 then buy. with stop loss 73
Nalco: Aluminium PlayPrices of aluminium soaring high with lot of scope still left over
EV theme play where usage of aluminium increases by a larger extent
Nalco being one of the largest producer and is on the verge of breakout
Buy: CMP
Target: 120--130--140---175---200
StopLoss: 90
NATIONALUM Bullish AlertNATIONALUM
1,long time down trend reversed
2, rising wedge pattern up side move
3. next target coming soon
National aluminium will hit back 85We can go for long when it hits back 85. Meanwhile it's an opportunity for shorting.
NATIONALUM (NALCO) TARGET UPDATE 9-9-2021Look fresh in range 90-96 for upside 120-140 med term with SL 70...!!!
