NATIONAL ALUMINUM NSE:​NATIONALUM

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

showing some strength with volumes. expecting some more upside but the market is in complete downtrend so do not carry without stoploss at 61.50.

62 level is next support! once that broken I'm seeing NALCO around 54!

NSE:NATIONALUM one can buy for a Target of 95 with SL 66.

After a sustained bull run, National Aluminium has formed a head and shoulder pattern indicating a correction. Its currently at crucial support level. If it breaks 71, then it might drop to 61.00. Enter - 71.50 - 72 Take profit : 61:00 Stop-loss :74 Please do your own research before entering the trade. If you have any feedback, do send it.

All mentioned & plotted on Chart. Read: "K = FIB R 0.834 of AB" My personal View. If matched, Like & Share As i am not SEBI regd. analyst, take this study as educational purpose. For taking trade decision Consult with financial Advisor

Strong long term base formed in National Aluminium currently trading @ 87 If gets at lower levels around 80-84 range buy 50% and add further on fall towards 75-77 and hold with 70 stop loss for Targets 100-110 & 130-170

1.Aluminum company Nalco had reported bumper Q2 results last week, with a close to two-fold rise in net profit at Rs 234.63 crore for the quarter ended September 30, compared a net profits of Rs. 121.2 crore in the same quarter last year. 2.With China cracking down on illegal and highly polluting aluminum producers under new environmental norms, aluminum prices ...

Will take swing trade in NATIONALUM @ 89, time frame 1 week. Keep Sl 83 (Closing basis). Target open.

NALCO at new high on break of horizontal resistance. MACD turning to buy mode.