NATIONALUM trade ideas
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.
NATIONALUM Breakout NSE:NATIONALUM also Good Breakout with a good volume Focus Above Rs.113
We Have Resistance at Rs.127
NATIONALUM | Multiyear BO | 16-years BO | Monthly ChartChart analysis:
Pattern: Basing pattern is formed. Consolidation might happen near breakout zone after a big rally.
Breakout: Basing pattern is broke the All Time High (ATH) price after 16 years.
Volume: Volume action is clearly visible near breakout zone.
Trade setup:
Entry price: Close of 148.40 price break candle.
Stop loss: Below Low of price breaking candle or previous candle.
Target 1: 226.35
Target 2: 257.5
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades
Buy National AluminiumStock is in strong uptrend and after consolidation of one year stock has again continue its journey. All RSI are above 60 (D+W+M). If we look at the behavior of the stock, the stock was actually trading in a big price range i.e 25 to 125 from 2008 to till date. Now the stock has comfortably sitting above that range for past 3-4 weeks. Looks good to reach the target of 167, 228 and 289 in next 6-8 months.
Buy National AlumPrev weekly High is broken strongly.,
Strong uptrend.
Good buy now and on decent dips
NATIONAL ALUMINIUM - Swing Trade Analysis - 28th January #stocksNATIONAL ALUMINIUM (1D TF) - Swing Trade Analysis given on 28th Jan, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Breakout - Done ✓
- Volume Spike at Resistance - Done ✓
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #nationalum
NATIIONAL ALUMINIUM TARGET 174 STOP LOSS 122Script is monthly breakout from the previous strong monthly repeated resitance of 132 and this month is bullish and touched the previous all time high resitance of 141. If this month closing above 141 and sustain above in the next month of the resistance of raisisng wedge trend line resistance of 149 then it will reach the target of 174 withoiu fail. And also weekly very good retracement with pin bar.
14 Years Cup BreakoutNational Aluminum Once Again Attempting to Break Resistance of 141.60
Stock Should Close Above 141.60 Levels on Monthly Timeframe for Next Rally
Keep in Watchlist
NATIONALUMDoing a retest after Multiyear breakout. Expecting it to hold. If successful, 240-250+ on the cards.
With Infra and EV Spend, this stock will surely will be in play.
For tracking purposes only
National AlluminiumRead for big breakout. Also Monthly breakout above 140. Above it can perform well.
NATIONALUM Overextended [DAILY]NATIONALUM gave BO last week but looks extended for now, might wait for this to setup for an entry, huge volumes have moved this too fast it feels. May be wrong here, market last couple of weeks has been crazy.
Lets see how this one goes.
NATIONALUM : LONG TERM STRUCTURENSE:NATIONALUM
Happy New Year in advance and farewell to 2023.
Today was the last trading day of the calendar year, and I hope you all have learned a lot and gained valuable knowledge.
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Let’s make 2024 a great year together.
One More Pick For 2024 lets analyse it.
#NATIONALUM 3month Chart analysis. 📊
You can see the price is approaching the Major Resistance zone on the 3-month Chart.
With Long-term View I am expecting it to give more than 2x return Soon.
The Price has approached the Horizontal resistance zone with good volume confirmation and momentum building is great.
You can enter in a range of 120-130 (keep room for averaging at lower levels around 100.
Take a confirmation of the weekly candle close above its previous candle for adding more quantity.
Target levels are mentioned on chart. 📊
Keep learning,
Happy trading
NationalAlum Multiyear BO - Add alert at 142NationalAlum Multiyear BO - Add alert at 142
Remember: I am a Price Action Trader and use Price and Volume together with different Timeframes, including RSI, and market conditions. To get best result always wait for confirmation. Focus on Risk Management and Position sizing.
I use Trading view for my Analysis and charts Repositories. I could have Or Couldn’t have positions in Sharing Ideas.
Treat trading like a business and it will pay you like a business…..!!
Hope this post is helpful to community
Thanks
RastogiG
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Disclaimer and Risk Warning.
I am not Sebi registered analyst. The analysis and discussion provided on in.tradingview.com/u/RastogiG/
is intended for educational purposes only and should not be relied upon for trading decisions. RastogiG is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RastogiG does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NATIONALUM LONGNATIONALUM has taken support very well & formed hammer pattern on weekly chart. Bullish entry if closes above 72.3 on daily time frame. Can be traded for target of 75/84, SL will be 66.
National Aluminium-125+ possibleNational Aluminium moving out of significant consolidation and can move towards 125+ levels soon.
NATIONALUM Bullish; above 106 on Friday 15 Dec. The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
Stop Loss: @ "Open" price of the day OR "Breakoutprice"
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
#NationalaluminiumStrong Breakout., Gearing up for next levels.
Supply and demand Zones. Breaking the Supply the stock is moving towards the Supply
NATIONALUM National aluminum broken 112 resistance and making this level as support. The momentum and volume indicating the move will be above. Target is 160.
national aluminium Cup with handle breakout can be seen in NALCO. Breakout not confirmed. This is not a buy/sell recommendation.
