National Aluminum Targets (5.5%)Suggested long trade @94
Touched first target @100 today
5.5% RETURBNS!!!!
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NATIONALUM trade ideas
National Aluminum LongOPEN CHART FOR DETAILED ANALYSIS
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NALCO Near The Multiyear Breakout Nalco Now Near The Breakout...If Once it close above 97 we see a target of 104 to 120....
But It Failed To Break Level of 97...we see downside...
National Aluminium - 10 year breakoutOne of the stocks which has not hit new highs in the metal rallies. Nalco is primarily into Alumina whose prices have moved from 300-340 over the past one week. This should add over 100cr per quarter in profits for the company. Aluminium prices are also close to a multi year high.
All in all the stock has plenty of tailwinds and could move and finally break out of this 10 year resistance.
Long above 95.50 SL below 92 or 90 for people who would like to give the stock more of a chance to breakout.
Disc: Already own the stock and have been buying it over the last 30 days.
National Aluminum 1W Disclaimer :-
*For educational purpose only it's not a not a call do your own analysis. We won't be responsible for Any profit or loss.
Stock is looking good above 97.75(ATH) on daily closing basis.
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#Breakouttrades....
National aluminium may go up National aluminium looking good to go long with a strict stop loss
target 97
entry 87-85
stop-loss 80
National Aluminum 7% move done*For educational purpose only it's not a call.
Watch my 27th August post I have posted National Aluminum at 83 today it has made high of 89 almost 7% move.
Thanks!
#Breakouttrades.....
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.
Price Action with RSI and DMI -Good Bullish Momentum[NATIONALUM]Chart indicating a high probability of bullish trend to continue on a 1h time frame.
INTIMATIONS:-
1- BASIC TRENDLINE: Closing on Support/Resistance at 85.00INR. NSE:NATIONALUM
2- MOMENTUM INDICATOR: RSI crossing 60 with high volumes.
3- TREND INDICATOR: ADX crossing 20 hence trend is confirmed.
WHAT TO DO:-
1- SWING TRADE: FOLLOW THE STRICT PARALLEL TRENDLINE. GO LONG WITH A 10% TARGET AND STOP LOSS OF 5%.
NALCO Rally Nalco already took support at the support zone and last one year it shows bull run in the market. You see higher and high formation. if the Bull run rally continues we can expect around 13 to 16 percent within a month.
National Aluminum #inverse h&s*For educational purpose only, this is not a call.
Go long above today's high.
Pullback in NALCO, might go upNSE:NATIONALUM
NALCO has shown a good pull back and have good financials, and according to the trend following , It should go long.
It is also near the resistance and have a good buying signal from RSI also.
National Aluminium is at crucial trend lineI think it is a good buying setup
Hammer Formation
exactly on trend line
and just above support
averaging the NALCO analysed 18 aug 2021averaging the NALCO analysed 18 aug 2021
little conserned will add be not so much
#nationalaluminium #nalco bullish momentum reverse divergence #nationalaluminium #nalco
4 bar bullish momentum reverse divergence seen on weekly charts that could pull up to 98 levels again.
Daily momentum has taken support and bounced up.it could also turn out as a resistance acting as support
and change in polarity bounce up move is also a possibility. Long entry on confirmation if next week candle staying
above this weeks low as stop loss could work out low risk trade. metal sector is also having enough momentum.
NATIONAL ALUMINUM Long SetupBuy NATIONAL ALUMINUM at 87 with Stop loss of 76 for the target of 98 and 109
Breakout with good volumeFalse breakdown and gives good support on 3 yr resistance line now the stock will fly. Also looking at increase in volume can prove my idea. One like and a follow motivates me to post add more 💡😊
National aluminum company limitedA head and shoulder pattern forming on NALCO share. If it goes below Rs 76 on 18 August, It should fall ideally upto RS 68.
NSE:NATIONALUM
Trading Idea || NALCOShort Time Frame Update || Reversal Signs.
1) 70 EMA support.
2) Bullish Harami Candle on support.
3) Reversal from RSI Support.
4) Gap filling pending.
NATIONALUM NATIONALUM Looking Good on Chart
Sustaining Above 80
Stop-Loss 75
Target 85-90-95-100+++
Highly Risky One Positional Call
National Aluminium NATCO let's wait for it to come to demand zone or give a BO so we can enter for short term
