#NALCO Setup . #NSE #BSE #StockExchange National Aluminium Corporation Weekly Setup . BSE:NATIONALUM
NATIONALUM trade ideas
BUY WITH A QUICK TARGET OF 47 AND LATER 57BUY NATIONAL ALUMINUM WITH A PRICE TARGET OF 47 IN THE NEAR TERM AND MUCH HIGHER WITH A TARGET OF 57 FOR POSITIONAL TRADE. THE PRICE HAS TOUCHED A TWO DECADE LONG TERM TREND LINE AND GOOD BUY
NATIONAL ALUMINUM | Trade NiveshToday Nifty Metal sector is down as well as all metal stock down
NATIONALUM sell below 48.5 with the stop loss 49.05
49.00 position is best for the Decide final trend
[Intraday] NATIONALUM Inside Bar Long TradeInside Bar
Highest Put OI + Lower range is 47.50.
Long above 49.15, Sl PDL
PDL = 48
If gap up or down, follow 5m ORB.
National aluminium bullish divergence on a daily and hourly timeframe, National AL is showing bullish Divergence , based on Open interest data stike price 65 has a good resistance however strike price 60 has a good support as well. need to see call writing at 60 and 62.50 stike prices.
based on the hourly time frame an entry can be made at 62.30 and above with and SL of 60.
Expiry Strategy: Sell Dec 75 Call @ CMP 0.55Outlook: Bearish. Trend is bearish as It continue to stay below 200-day EMA. As well, MACD signals bearishness by heading below zero. Expect this series would be below 72. Suggest to write 75 call @ 0.55.
