NATIONAL ALUMINUM NSE:​NATIONALUM

looks like weak it has pullback and reversed from a strong support zone for the stock. It can go up to 58

short below 67.25 target of 61.25 stoploss 69.25 timeframe 1st oct 2018

watch

Long Nationaaluminum check chart for levels

Formed an inverse head and shoulder pattern in daily chart. Above 73.50 Heading towards 80 Levels

Entered on 24 Jul 18 on 60.6 with a stop loss at 57.5 TSL update on 30 Jul 18 from 57.5 to 60.25 TSL update on 07 Aug 18 from 60.25 to 64.90 Current Trailing Stop loss = 64.90 In case of hitting stop loss confirmed profit of 4.3 points.

buy for 81 sl 69

good move

Entry at 63.6 on 2 aug with sl at 60.25 TSL updated at 64.9 on 8 aug. If Stop loss hits, confirmed profit of 1.3 points.

Long for 79.5

NATIONALUM short oppurtunity

Time-frame: Daily Price broke out of EMA 50 and is in pullback mode. Pin Bar has been formed and looks like it is taking support on EMA 50. MACD is also confirming up trend.

Trade setup mentioned in the chart

One can initiate long call on National Aluminium Target 72/80/90 with SL 58

History speaks. As it is already below purple line and out of the channel so time for taking action only below 73

All plotted & Mentioned on Chart. Can Treat as BUY SELL Setup. Though I am in favour of Bears. Disclaimer: Take this information as study/education purpose only. If Useful Like & Share For taking trade decision Consult with your Financial Advisor.

EXTREME BEARISH HARMONIC IMPULSE in formation The exceptional item break up of 801.46cr .... In the matter of disputed water charges between the Company and the Government of Odisha, both the parties vide minutes of meeting dated 8th Dec'2017 have agreed for Rs. 58.18 crore as one time settlement towards arrear dues upto 31st Oct'2017 based on the principles ...

Wait for it to retrace a little bit. Long at shown levels for different targets. Views welcome