national alluminiumpyramiding level marked (52.50) with sl 50 now, one can check my other chart on this posted earlier to get better idea.
NATIONALUM trade ideas
Upmove can be seen due to buyback55-57 targets can be hit due to buyback. let's see tomorrow. targets and Sl can be read on the chart.
This is just for my study and prediction purposes.
Watchout for Resistance breakoutThe stock is coming to test it's resistance zone and looks good positionally above 50 level.
NALCO showing a formation of Head & ShouldersNALCO is forming a head and shoulder pattern in hourly chart. From chart it seems it could not sustain above 47.55 its long term resistance. If it gives a breakdown it may fall to 44 level and then ultimately to its short term support of 41. View negated if it moves past resistance of 47.55.
Disclaimer: - These views are for educational purpose only and not a recommendation.
National Aluminium - TL crossing - @mayurdharodNSE:NATIONALUM trying to break the trendline. Watch for momentum above 38
#NATIONALUM #NALCO close to 13 years breakoutMonthly close above 45 could result in a breakout with first upside target of 64 and next of 98. Monthly vols picking up sharply.
BreakoutWeekly diagonal breakout with high volume trading. Investor can target
Target 1: 50.5
Target 1: 56.7
Long term stratergyReason for long
-Considering commodity cycle for the upcoming year..
- A clean monthly break out ..
- Past history shows it ideally trade between 25 to 100..
One should consider buying Nalco
Nalco Multi Time frame AnalysisNalco is still under selling pressure..
Chart 1 is showing (Day Time Frame) - is showing inverted hammer which is representing huge selling pressure.
Chart 2 and 3 is representing the reversal for downtrend.
Channel pattern breakoutlong term channel pattern breakout is here. Making the buy opportunity
Buy around 37-40 targets around 60.
NALCO ANALYSISNalco is majorly reached resistance zone..
Expected to down trend for upcoming days...
