NATIONALUM trade ideas
National Aluminum Company Channel Breakout - BULLISH NSE:NATIONALUM has took a very strong support at 89 and now continuously leading toward its all time high. during this journey it has also made a channel pattern and now it has also been braked and highly bullish sign can be seen on chart. we can plan for a swing trade here for 15% gain with at at 108 .
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National Aluminum ready for 15% upmove Short term breakout
HH-HL formation
ADX moving above 25 in favorable zone
Stock could gain momentum from here
#NationalAluminium ascending wedge breaking outside resistance#NationalAluminium ascending wedge breaking outside resistance
The stock seems to be breaking out of a previous resistance zone within an ascending broadening wedge patterns where
swing trading opportunities till upside of channel now.Wide range bullish breakout candle and momentum and trend give
Indication that price could be heading ahead. Stop loss below alert candle and entry above it targeting channel top could be good
be good.
National Aluminium BullishIt will be use for string trade, just now breakout happened. The rally may goes upto 15%
National Almunium - buyNational Aluminum - given a multi year breakout , retest done and started moving up for making new highs
Whenever a share breaks multiyear resistance trendline, it explodes and looks for big targets
Company is posting great results
This is fundamentally and technically strong share
Buy for investment purpose.
Disclaimer: This is not a recommendation but a educational chart. Pls invest at your own risk.
Fresh Breakout, All time high possibleInverse head and Shoulder breakout.
Volume supporting and risk reward favourable
Inverse Head and Shoulder, looks good above 0.5 Fibo level Inverse Head and Shoulder, looks good above 0.5 Fibo level
Above all main DMAs(21, 50, 200)
All time high possible
Chart on NATIONAL ALUMINUMChart on NATIONAL ALUMINUM
CMP @ 103.15
Short Term Target @ 105.00
Professional Target @ 113.00
Long Term Target @
Average @ 88
I am expecting NATIONAL ALUMINUM to take support at 100.00 move up. If it moves above 107 we can expect it to achieve professional target before next earning result.
Disclaimer Caution: WE ARE NOT SEBI REGISTERED ANALYST. Before taking any positions, please contact your financial advisor. We are not responsible for any of your "PROFITS" or "LOSSES". Whatever we are providing here is the purely educational and informational point of view.
Buy above 102 SL 94 TGT 105 and 108Suggestions are based on my analysis only. Please do your analysis before taking any trade.
SWING TRADE - R:R - 1:2 - NATIONAL ALUMINIUM COMPANY LTDPotential Opportunity as Swing Trade in NSE:NATIONALUM and also predicting positive for long term investment.
SWING TRADE - RISK TO REWARD - 1:2
ENTRY - 102.00
TARGET - 116.50
STOP LOSS - 94.75
This is for Educational Purpose only, please apply your prudence & consult your adviser before any investing.
#nse #swingtrade #nifty #nationalalum #riskrewardratio
Strong bounce from Support - Watch outNALCO seems to have been trading in this parallel channel for some time now.
I am curious to see if it can sustain above this price level from where it had fallen before to take support and revisit the level now again.
It is not an Investment Advice. Only for Educational Purpose.
#Nationalum cash : Looks good above 105.10#Nationalum cash - Positional call
22.dec 2021
Looks good above 105.10
stoploss 95
Target 118-120/130
cmp 103.2
National Aluminium again at trend lineNational aluminium is taking support at trend line from past several months and respecting the trend line religiously last touch was a decent opportunity to trade on , as we captured it correctly and now it came again at the trend line but at this point i think we should wait and let it form setup before we enter.
Be Ready for sharp bounceStock have sustain above volume profile and anticipated its big rally within few days
NATIONAL ALUMINIUM COMPANY ON A CRUCIAL SUPPORTTHE NATIONAL ALUMINIUM COMPANY has been on a high power bull run,the stock had been making new 52 week highs with the soaring prices of aluminium ores ,the stock has doubled from calender year low ,which clearly shows how the financials have been driven, the bull run has just started in the metal sector with rising demands across all sectors, the balance sheets of these companies are at their lifetime best performances and i am personally expecting them to show growth for the coming few years and here we are discussing about the aluminium giant NALCO, coming to the technicals now the stock has been trading a bullish channel for the past few months , we had a news based BULLTRAP in the month of october ,keeping that aside now the metal sector is facing heat ,most of the steel stocks are looking bearish and nalco is trading at the bottom edge of the channel,the stock has been consolidating for a couple of days and has given a breakout from the small range,the candle is a doji so its better to wait for a bit more confirmation for any long position ,using the volume profile from previous swing low to the high made in the bulltrap its clearly seen that the high accumulation/distribution is taking place around the range of 87-92 a breakout on the either side would drive the momentum,the monentum on down side would be quicker than the upside as the markets are highly volatile these days,90PE is adding OI for the past few days even if the stock closes in red ,this is a bullish sign but we must wait for a strong confirmation from the stock as well as the sector which is the CNXMETAL INDEX .dont miss the opportunity as the stock is placed at a high risk reward zone, upside targets are be 100/105 and the downside is more steep ,targets can be 80/75. once the trade moves in your direction donot take losses, place your SL at costs, never make losses on trades which are in green .
NATIONAL ALUMINUM IS MAKING TREND FROM BOTTOM LEVEL WITH VOLUME National aluminium is making trend from bottom level with volume activity
National Aluminium - For BuyStock in perfect uptrend
Respecting trend line
At important resistance turned support
Risk to reward excellent
View negated below 82
Tgt 125+
National AlumDisclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before making any trade.
National Aluminium to fallAs per trend analysis National Aluminium to fall. Due to Metal sector fall.
