Channel pattern breakout Waiting for a bearish signal.
Disclaimer:
The above analysis is for education purposes. Kindly take expert advice before taking a trade.
NATIONALUM trade ideas
National AluminiumAt the end of the previous session NATIONAL ALUMINIUM (Nalco) the close price was 94.75 ,At the final hours the stock had the buying pressure. May be the next trading session the stock can close@98 and above . This depends on Nifty 50 and Nifty metal indices . This is just for learning purpose . If you take trade according to this analysis , it will be on your own risk .
NATIONAL ALUMINIUM SWING BUYNational Aluminium is already in a strong uptrend.
Reason behind the swing:
1. Taking a support over the drawn trendline.
2. Morning star is made on the trendline support.
3. 55 EMA support.
4. Earnings announced are also good.
Entry will be when it gives a closing >=104 , as it may took a resistance from the zone of 102-104.
Entry : when closed above 104
Stoploss : 97.35 ( placed below the trendline and LOW of doji )
Target : 124+ ( previous swing high )
RR ratio --> 1:3
Disclaimer : This analysis/strategy is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NATIONALUM Trade SetupMy target and SL mentioned in the chart.
Entry above Black
SL Red
Target Green
If sustains above 1st target then 2nd target
Simple Positional Long Trade Setup | NALCO | SHORT-MID TERMNSE:NATIONALUM
I am posting as one of the follower requested for it.
This is positional trade setup only.
Observations:
1) On Daily time frame, we can see that it faced resistance from 21DMA but closed above 10DMA. It is now in between 21DMA and 10DMA.
21DMA is immediate resistance and 10DMA is immediate support.
We can see that the critical level is 100.
Please refer below chart : 1 day Time Frame.
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Simple Positional Trade Setup.
Please refer below chart : 1 hr Time Frame.
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On 1 hr time frame,
If it sustain above 104 level then one can take buy trade. SL will be 98 with targets of 112.50 and 116 level.
One can also take positional buy trade from CMP with SL of 98 with targets of 108,112.50 and 116 level.
If it sustain take support from 100 or 96 level then one can take positional buy trade with targets of 108,112.50 and 116 level. For mid term positional trade keep SL at 94 level.
Below 94 level it will be bearish. Rest all details are mentioned on the chart.
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Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with SL as per your risk capacity. This is just my personal view. It is not a trade recommendation. Better to consult with financial advisor before making any investment.
NationalumNSE: NATIONALUM 100.10
-All Important Levels in Chart
-Already taken Support and now near resistance
NATIONALUM - LONG SWING TRADENational Aluminium formed expanding triangle Pattern. where I can see an opportunity to do a Long swing trade.
Please check the chart for details. Mentioned clearly about the support and resistance points (if applicable).
Chances for Long is high and short is low in my opinion.
I am learning as well. so please analyse the chart by yourselves before taking any decisions.
Criticism always welcome. Appreciation as well.
Thank you.
NATIONAL ALUMINIUM- 20% GROWTHFUNDAMENTALS - good
MOVING AVERAGE - Good
RSI - GOOD
Go ahead for 20% in 3 - 4 weeks
National Aluminum - long1. Morning Star Pattern
2. Latest candle (26th oct21) closed above 0.5 fibo and 20ema
3. RSI above 50
national aluminium Hello guys back with nalco update:
so as we can see that we have been on correction on nalco for 2days know and i think it might correct little bit more from here and touch the daily trend line which 100-102 as i see and their is also my fib level so i will be looking for buy at 99-100 on nalco with target of 110, 113, 118 .
National Aluminium Swing BrekaoutNational Aluminium was bought at 91.
CMP 105+
SL trailed to 95
Target 150+
Duration 3 Months
NATIONAL ALUMINIUM {LONG} {LONG TERM}NSE:NATIONALUM
CMP:- 96.65
Target:- 250
Stop-Loss:- 60
This is not a call'
I am not SEBI registered.
It is for Educational Purpose.
National aluminium As we can see that we have been at very good buying point in nalco as the metal sector is very good sell this week. so i see nalco a very good stock when metal is down and i also like Jindal steel so for this week my plan on nalco is ....
As you already seen it that i have an open position in nalco i have bought nalco in option at 89 and i m holding it today, so here is my plan with nalco
1. I have bought nalco as it was it monthly area and also had form a very good candle and a reversal candle so i just bought it
2. if tomorrow nalco open flat then break 91.30 and sustain i will be adding more to my position here with the target of 97-102
3.will also keep in mind that next week is monthly expiry and i will mange this trade very tight and i will be watching this stock
so this was my nalco analysis for this week. and friends if you want any stock & forex pairs analysis comment down and i will post it here and if uh guys want to follow me on social media below is my user id
:@faizanfx
NATIONALUM 43% Gain in 27 Days. Whats the next targetOn 2021.09.22 Shared to buy NATIONALUM between 88 to 91, and now you can see it has given 43% returns in just 27 Days
NAtional Aluminium Cmp 101.45 dated 12.10.2021NAtional Aluminium Cmp 101.45 dated 12.10.2021
1. Head & Shoulder pattern on chart.
Buy for a tgt of 134 SL 90
It is just a view, pls trade at your own risk.
NALCO Cup & Handle , Dated 17-10-2021Nalco seems to be in a strong Bullish Run , I see a cup & Handle pattern
Positional Long NATIONALUM1. Pattern Break
2. 52 Week High
3. Strong Relative Strength
4. Good Fundamentals
