NATIONALUM- full year chartNational Aluminium chart with buy and sell zones may take time to unfold, but the probability of reaching these levels and acting accordingly is 85%. The levels may vary by 5 to 10 points either way.
NATIONALUM trade ideas
BUY NALCO- Buy If cooldown up to 125-122 level (Channel BO retest) for target of 165-200 levels
- View invalidated if close below 110
'Bullish' on National Aluminium for Medium TermThe scrip was in a corrective phase after reaching a 52W high of .The scrip gave a breakout from the triangle pattern on daily time frame forming a large bullish candle on 01.03.2023 rising 5.6 percent to Rs 82.65 with above average volumes, the highest closing level since January 31.The stock is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages.This suggests that buyers have started taking control.
A buy above 85 levels is recommended for first target of 97 and 2nd target of 112.
National Aluminum breakout on daily timeframe.Nationalum daily timeframe chart shows trending breakout with big volume. RSI is also showing upward movement. This could be a good opportunity to participate in this stock with having 1:3 risk reward ratio at current price level. If price comes down risk reward ration would become better. But stop loss should be strictly followed.
Disclaimer:- This is not a recommendation, this only for study purpose. Consult with your financial expert or advisor before investment.
MACD Crossover Swing Trade - NATIONALUM📊 Script: NATIONALUM
📊 Sector: Non Ferrous Metals
📊 Industry: Aluminum and Aluminum Products
⏱️ C.M.P 📑💰- 191
🟢 Target 🎯🏆 - 203
⚠️ Stoploss ☠️🚫 - 183
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
NALCORationale ::
Nifty Metal is out performing Nifty 50 on all time frames.
NALCO is outerperoring Nifty Metals on all time frames.
Trade above 50 MA
At the lower side of Channel
RSI broken the downward Trend
Target : 208
SL : 185
National AluminumNATIONAL ALUMINUM
Can be bought above 195.
Stoploss should be placed under 182
Targets could be 210,227
NATIONALUMThe chart is self-explanatory and is shared for educational purposes. NATIONALUM stock is trading above the 50-150-200MA with higher highs, also supported by a strong trendline. An uptrend is expected from this level.
National Alum long buildup zoneNational alum seems multi year breakout concentrate for short term swing
if price sustain above 190
NATIONAL ALUMINUM COMPANY LIMITED : DOWNTREND SOON?Dear Traders,
I hope this message finds you well. I wanted to share my view on
National Aluminium Company Limited. this Stock is at ATH. but RSI is Showing Divergence
I think that it will Reach around 200 and then it will start falling
Stock: National Aluminium Company Limited
Entry Point: 198
Stop Loss Point : 204
Please keep in mind that markets are inherently unpredictable, and there are no guarantees in trading. This view is based on my analysis as of Dated 17-May-2024, and conditions may change. It's important to do your own research and consider your risk tolerance before making any trading decisions .Feel free to reach out .Your feedback and insights are always appreciated.
Disclaimer: Mention Information is only for Educational Purpose I am not a SEBI registered analyst.
Short Term Trading Idea in National Aluminum for > 20% UpHi,
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, stop loss on Daily Closing basis and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
DO NOT MISS THIS PRE BREAKOUT TRADE!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 can get to ride this share with me if this breaks out.
National Positional TradeCall details in the image LTP 92.50
For more info - Plz visit my profile
Dont miss to Like,Comment & Share the idea
Regards,
Naresh G
SEBI Reg. RA
NATIONALUM | Multiyear Breakout📊 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 valuation. These stocks may be affordable and are showing some investors interest.
2.07% away from 52 week high
Outperformer - National Aluminium Company up by 8.37% v/s NIFTY 50 up by 2.4% in last 1 month
📈 FINANCIALS
Piotroski Score of 4/9 indicates Weak Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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NATIONAL ALUMINIUM BEARISH DIVERGENCE TGT 154-132National 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 educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Magic Of Technical Analysis - NATIONAL ALUMINUM 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.
National Aluminium, Stocks to keep in Radar for upcoming sessionNational 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 - LongNational 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 consultant/Advisor). It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advice or any recommendations on stock/Forex/Coin buying or selling.
Please do your research and consult with your financial advisor before taking any action.
I am not responsible for any of your actions on buying, selling, or holding the above-mentioned stock or/and index or/and Forex or/and coins.
LETS DISCUSS ON NATIONAL ALUMINIUM CHART#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
National Aluminium break the most crucial resistanceThe 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
NATIONALUM (Multi-year Breakout Soon)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 for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
