Reaching Channel Top. At resistance !!Follow the arrows - Price now at resistance and will reach the channel top if breaks the levels.
NATIONALUM trade ideas
National Aluminium Company Ltd. - WEEKLY CHART VIEW!!National Aluminium Company Ltd.
It is trading right below the downtrend line and likely to face resistance from 200 SMA at 36.7 in the daily chart.
Break to take place only above swing high of 37.5.
Technical parameters looks neutral to positive as of now.
Immediate short term support on the downside comes at 34-34.5 zone.
THIS IS MY GENERAL VIEW OF THE SCRIPT. FOR COMPLETE STOCK ANALYSIS, INTRADAY LEVELS AND FOLLOW-UP.
CONTACT ME!!
National Aluminium Company Ltd. - WEEKLY CHART!!National Aluminium Company Ltd. still trading in a downtrend and change in trend to take place only the stock closes above 38 level atleast in daily timeframe.
Probable resistance in the medium term comes at 47 and 59 respectively.
Technical parameters looks neutral as of now.
Keep a watch.
FOR COMPLETE STOCK ANALYSIS, INTRADAY LEVELS AND FOLLOW-UP. CONTACT ME!!
Long trade - Trending stockStock seems to be trending with HL formation. Looks good for a long trade in the coming week. This is not a recommendation only my view
Buy NationalAlum between 30 to 31.6 for short term target of 35+Hit like if you agree or comment your views
Why long-
-Golden crossover formed
EMA 20 support
Demand zone support on daily timeframe
ShortSeems to be a channel breakdown + stock is in longterm down trend.
Can be good short opportunity !
NATIONALUM - INSIDE BAR PATTERN!!#NATIONALUM
BUY ABOVE 32.90
SL 32
TGT 33.25/ 33.55/ 33.85
SELL BELOW 32.10
SL 33
TGT 31.80/ 31.50/ 31.25
National Aluminium -- BullishExpecting some bullish move here. Volume is increasing relatively, had higher volume breakout which confirms the trend continuation. RSI coming in bullish range. Moving average golden cross adds some more confirmation of further bullish trend
National Aluminum Company Ltd. - WEEKLY CHART!!National Aluminum Company Ltd. trading right above the support zone and likely to stay positive until it stays above 32-33 zone. Likely to see further momentum in the stock above swing high of 57.5. Technical parameters looks neutral to positive as of now. Keep a watch.
INDIA CEMENTS - MULTI-TIME FRAME ANALYSISINDIA CEMENTS
in weekly charts it is trading at support level from where it broke-out.
in 30 min charts it has given 30 min RSI divergence is clear
buying at current price next resistance is at 117 122 and 125 with stop loss of 110 for short terms and close above 125 on day basis stock can see 140 in medium term
Bullish for coming weekStock is forming HH and HL. Expecting the stock to go up in the week starting 20th. Fingers crossed.
Stay Tuned for the NutsAnalysed levels mentioned on chart!!!
Disclaimer : Only for educational purpose. Please consult your financial advisor before putting money into the market!!!
National Aluminium waiting for breakout
* National aluminium ltd now stand at multi month resistance level.
* At this time its break a triangle pattern in daily chart with heavy volume. thats why i think it cross the 39 major resistance level.
* if it cross 39 my 1st target is 45 and 2nd target is 70 followed by SL- 33.5 .
* Entry price is in between 36 to 40 .
National Aluminium to break long term downtrendAfter weeks of downtrend Nationalalum is on the way to break the downtrend in the 3rd Elliot Wave.
1. Wait for break of the trend line.
2. Can go long after the retest of the trend line .
3. Final target of 5th wave-46.5 can be achieved.
4. Analysis get failed if the stock fails to break the trend.
National Alumunium ( Chart structure looking very strong )Hello Traders
{ Positional Trade }
National Alumunium Chart structure looking very strong !
expecting strong move from the above mentioned level on chart.
.
DISCLAIMER
{ Educational Purpose }
All investments involve risk.
Please Do your analysis before initiating any trade
GOOD LUCK !
NATIONAL ALUMUNIUM ( Positional Trade ){ Positional Trade }
National Alumunium Chart structure looking very strong !
Expecting strong move from the above mentioned levels.
.
DISCLAIMER
{ Educational Purpose }
All investments involve risk.
Please Do your analysis before initiating any trade
GOOD LUCK !
Accumulation levels given for NATIONALLUMvarious levels marked in chart for swing purpose!
Note RSI divergence on weekly TF
National Alum - Kind of bullish breakoutNote: This is for educational purpose only.
There seems to be a bullish breakout with high volume. However, I am not too convinced if this is a true breakout or a false breakout due to wick which indicates selling pressure coming in. Need to wait for confirmation on next candle being closed above high of the current candle.
Ascending Triangle On National Aluminium.Today the National Aluminium has broken out from the Ascending Triangle .
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The volume is comparatively high.
The quarterly results are positive too.
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Now the breakout has happened, the previous resistance will act as a support 35.00
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This is a good chance
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Ignore the RSI
