NATIONAL ALUMINUM NSE:​NATIONALUM

Outlook: Bearish. Trend is bearish as It continue to stay below 200-day EMA. As well, MACD signals bearishness by heading below zero. Expect this series would be below 72. Suggest to write 75 call @ 0.55.

Short NATIONALUM

Short on PDL break Long on PDH break

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Nalco

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