National Aluminium consolidatingNational Aluminum seems to be consolidating. The preceding trend was a solid uptrend and the stock is likely to give a breakout on the upside.
Keep on radar.
Like and follow.
NSE:NATIONALUM
NATIONALUM trade ideas
Elliot Wave - Bottom is out? or new EW-Cycle.A,B, and C corrective pattern is started or New Elliot Wave motive cycle is already started?
Harmonic Patterns exist.
We have to go lower timeframe for more clarity to determine tradable numbers.
Let's compare Elliot Wave of HINDALCO:
Longer & short TF - TimeCycle, NALCO.
=> Fundamental & Hindalco of the % move > relative to NALCO.
Longer & short TF - TimeCycle, NALCO.Number-6 unit of the TimeCycle has been initiated which in up-direction for NALCO. This timeCycle middle time for complete up move is at 2022.
Daily TimeCycle :
Fundamental & Hindalco of the % move > relative to NALCO.
Fundamental & Hindalco of the % move > relative to NALCO.Weekly TF:
The Hindalco of the % move , more in the calculation of NALCO(NSE:NATIONALUM).
Nalco moves Supreme Court against Vedanta’s unit.
#national aluminium #weekly trendline breakoutbuy at 39 and buy more on dip near 36, target 45,50++ (3-6months)
RSI> 60 sector looks ready for big move.
Beutiful Charts - Breakout from a downward channel Watch out: Beautiful Breakout with Low downside , Good dividend yield as well !
PS - This not a reco to BUY but do your own study , charts are signalling that its worth a look
National Aluminium BreakoutLong term trend line breakout. Buy above 38. Volumes decent. Expect 45-50 levels and long term expect higher.
[Basket] National Alum Swing TradeNo trigger yet.
As per the charts.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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NATIONALUM FOR INVESTMENT PURPOSES WEEKLY CHARTNATIONAL ALUM IS READY FOR INVESTMENT PURPOSES AND CAN BE SEEN TO REACH GOOD LEVELS IN NEAR FUTURE
TARGETS ARE 38-42 AND LONG TERM TARGETS ARE 58-60+
Again Nalco me opportunity For Buy & get 30% + ProfitAgain Nalco me opportunity For Buy & get 30% + Profit (But Wate for Conformation )
#NATIONALUM WEEKLY CHART VIEW!!#NATIONALUM WEEKLY CHART VIEW!!
National Aluminium Company Ltd. faced resistance from the downtrend line and is trading below weekly resistance zone.
Probable support in the short term comes at 29.5-30 level and probable resistance comes at 34-35 zone.
Technical parameters looks neutral to weak as of now.
Keep a watch.
NATIONALUM Short I hope you can now see how Nationalum represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
[Positional] Metal Rally | National Aluminium - BuyThe stock has corrected very well and the metal sector will soon get a push in the upward direction. Wach out!!
Levels mentioned in the chart.
This analysis is done by me and could go wrong due to many reasons. Please do your own analysis before investing/trading.
At support buy with small stopPrice as expected rejected at the top and reached the support level, now it is a good buying level with the target of top trend line.
National Aluminium : Positional Trade / Investment ideaBuy on dips
Change in polarity observed
Conservative traders can buy once 49~50 levels are crossed.
1.5x , 2x candidate
National Aluminium Company Ltd. - Weekkly CHart View!!National Aluminium Company Ltd.
Made a retest to the breakout area and taking support right at the weekly support zone.
Likely to see bounce in the near term until the stock holds 34 levels on a closing basis.
Technical parameters looks neutral as of now. keep a watch.
