NATIONAL ALUMINUM

NSE

NATIONALUM

NALCO AT ITS BREAKOUT

We can see a double bottom and it crossed the resistance line. Pullback also worked.

watch level

Buy 48.50 Tg 50/52/54

Inside Bar Highest Put OI + Lower range is 47.50. Long above 49.15, Sl PDL PDL = 48 If gap up or down, follow 5m ORB.

Buy if it breaks PDH

Refer chart.. Vijayaraghavan. K, Kovilpatti.

on a daily and hourly timeframe, National AL is showing bullish Divergence , based on Open interest data stike price 65 has a good resistance however strike price 60 has a good support as well. need to see call writing at 60 and 62.50 stike prices. based on the hourly time frame an entry can be made at 62.30 and above with and SL of 60.

Just buy with stop loss at month's low.

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