National Aluminium is on the verge of cup and handle breakout. Long national Aluminium if this weeks close is greater than 84. One can keep SL below 75 for a targets of 100 and 120. Longby kiran.mathewthomasUpdated 1
Possible failed Rally I am looking this stock as possible failed rally , because after braking out form multi week range and making higher high , the stock is not able to sustain higher high, Its my personal views , may not be same with others , but i would like to call it as failed to hold high and ready for down trend Lets see how it unfolds Regards by shiv2798Updated 220
NATIONALUM double bottom breakout NATIONALUM price action has made a double bottom breakout pattern in weekly chart, at 69 one can accumulate at the 63 to 65 zone for target of 77 and 115 stoploss below 60.Longby santhu404Updated 2
NALCO 2017- Buy in Arithmetic Zone 32-35 in August Fair 2017S-L-- Sell First & Buy Later I shall thank all my followers & from the bottom of my heart, wishing a happy & prosperous year2017 to you & your near ones. In our childhood, all of us, use to get excited when our parents took us for a visit to a nearby fair- why- because we get so many good things at the cheapest & best rate. What is the connection of Fair & Nalco In the last couple of years NALCO comes out with a fair every August Month- So, won't you be interested to buy something for yourself in the upcoming Aug2017 Fair. Since 2008 highs of 141- Nalco has travelled down in irregular flat correction (W)-(X)-(Y) making a low@24 in Aug2013 Pushed up to 69 Highs in Sep2014 & had a fall, making a higher low@28 in Aug2015 compared to low in Aug2013. From Aug2015 lows@28 -Again pushed & made a new high@73 in current month of Dec2016. Observations Look at the Arithmetic Progression at recent lows & highs-24+4 =28 -- 69+4 =73-- Next in the series-- 28+4 =? (Range of 32-35) Trading Strategy One should look for the arithmetic progression zone of 32-35 as the buying opportunity zone in this stock or going above 73 highs which got rejected recently by sellers. by WaveTalksUpdated 111125
Nationalum- Breakout with Volumes- Buy SetupAs seen National Aluminium has given a breakout of an important level (68- 71) on the weekly chart with volumes after 5 years. Conservative traders can wait for a pullback in order to get a more favourable risk reward ratio. CMP- 79 Exit Levels- 63.50 Expected Levels- 85, 100, 110Longby aks85Updated 3