NATIONALUM trade ideas
NATIONAL ALLUMINIUM swing tradeNATIONAL ALLUMINIUM
has come out of its range from july 2022 and is looking buy on dips as long it is above 80 levels ,can reach levels of 95/100/120/130 in coming days, SL 75
FUNDAMENTALS :
# Company virtually debt free
# Good cash flow
# 50% promoter holdings (GOOD)
# Low PE ratio (Undervalued)
# FIIs and DIIs increasing stakes in the co (VERY GOOD)
NATIONALALUM - Intraday Trade || 9th June, 2023 #stocks To be traded for Intraday today
9th June, 2023
NATIONALALUM
Intraday Stock Trade Idea
(15min TF)
#intraday #stocks #priceaction
Analysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 9th June, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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DISCLAIMER:
.
* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
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Long - NATIONALALUM based on W chartThe long upswing price has retraced back to the 61.8 fib levels, and has consolidated for many weeks in the same region.
View is go long above 87.15, with SL at 82.75, and targets are mentioned in the chart.
National Aluminum Triangle BreakoutNational Aluminum Triangle breakout seen. Upside potential till 1.618 fibonacci. All details in chart.
DISCLAIMER: Educational Chart for awareness. Analysis is subject to market risks it can go wrong as well. Not recommended to take FnO positions based on this analysis. FnO Trading is Highly Risky business you can loose more that your trading capital. We are not SEBI registered analyst. I may or may not trade this analysis and may not update my entry and exits, do your own study.
NATIONALUM getting ready for an upmoveThe stock has been trading below it's important support/resistance zone for a year.
It has formed an ascending triangle.
Buy above 86.6 (intraday for 0.7-1% gain) and carry positional on day closing basis for 3-5% positional gain.
Once we have a weekly closing above this level, we can expect much bigger targets of 94 and 98.
Learn & Earn,
Dr. Tanya Kumar
base is building upNATIONALUM is into base consolidation on weekly timeframe with a 1:3 RR post breakout (condition).
Stock for Investment Investment Stock - National Aluminium
Key Points-
Consolidation on Monthly TF
2nd swing break level.
Weekly Inside candle breakout.
Pros. (Financials)
1) Debt Free Company
2) Stock PE is around 10 and Industry PE is 24
3) Dividend % in last 5 years- (7-8%)
4) Stock is trading at 1.12 times its book value
Cons.
1) No Sales growth from last 1 year.
ready for rallygood set up for upward direction
confirmation with piercing lines
over all trends turns to positive
NATIONALUM trendline breakdown(only for futures & traders)NATIONALUM trendline breakdown on daily time frame, can take short position at this level SL @ 78.50 on daily time frame closing basis, TGT1 : 75.70, TGT2 : 74.35
Please choose next month expiry for positional trades.
Note : It's your hard earned money always trade with SL, I'm just sharing my analysis
nationalumabove demand zone , keep an eye on this scrip . 92 is a possible target with sl at 82 . cmp 85
Nalco Short positionalNalco Short at 78 or below.
Stop loss 81
Targets 76,74,72,70.
On daily time frame it has crossed below 20 EMA with Big volume red candle ,it may continue to fall for 2 more days expecting formation of three black soliders pattern.adding to that trend line break out retest has done on daily time frame multiple confluences.
"NATIONALUM" crossing crucial Fibonacci levels.NSE:NATIONALUM has been above 0.50 Fibonacci levels and MACD and STOC RSI also are in the positive note.
TARGET 1 : 84.25
TARGET 2: 86.75
STOP LOSS : 78.55
Disclaimer: The following information is for educational and informational purposes only and should not be construed as financial advice or a recommendation to buy, sell or hold any stock or investment. Technical analysis is a method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. However, the future performance of a stock or investment cannot be guaranteed based on technical analysis alone, and other factors, such as economic conditions and company fundamentals, should be considered when making investment decisions. Before making any investment decisions, please consult with a licensed financial advisor and conduct your own research to determine if an investment is suitable for your individual circumstances and risk tolerance. Past performance is not indicative of future results, and investing involves risk, including the possible loss of principal.
Nationalum - looks good this weeknationalum - national aluminium company limited
In Monday’s (13-feb-2023) session, the stock formed a bullish engulfing candlestick pattern on the daily chart which is pointing to a bounce against the current downtrend, at least for the time being. A counter-trend rally to 81.15 can be seen in this week, from the 78.90.
disclaimer: note this is just for education purpose to analyze the candle stick pattern, rsi and expected next levels as per fibonacci levels. this is not buy or sell call, any trading on this counter will be at your own risk.
Swing Trading Opportunity In National AluminiumStock gives breakout on a daily timeframe and consolidating in resistance area.
CMP : 84.50
Target : 89.50
Stoploss : 81.85
This is not a buy or sell call, this analysis is shared for educational purpose.
NALCO Testing Critical Level On ChartIf Breaks Above 84 & Closes....It Will Go Till 99-100 In Short Term...
NATIONAL ALUMINUM BULLISH BREAKOUT National aluminum gives a breakout on horizontal trendline and succeeded to close above that after four months of time so we can consider a Long in it for that I am sharing Targets and Stop loss too..
TARGET
STOP LOSS
BE A HERO ALWAYS ✌🏽✌🏽✌🏽✌🏽
National Aluminum, NALCO (Long)NALCO for long-term.
Stock near 52WK low in price bound range (67-81) since June 22.
Fundamentals: Good
Technical: Cup formation
Target: 81/88/98
Resistance: 67
If held for more than 1 year, then a target of 111 also possible.
Remark: Growth + Dividend Stock
NATIONALALUM Crossing Key MAsNATIONALALUM
**crossing 200EMA Daily T.F**
**Weekly BB Blast about to happen**
**Two closes with BB blast will give us confirmation**
NALCO nearing- breakoutthe script is growing steadily with a upward trend lines and now looking for a breakout at 103. once its crossed 103 short time traders can jump in and for long term . just wait and watch the show.#Nalco #bearkout.
**Only for educational purpose**
