NATIONAL ALUMINIUM (1D TF) - Swing Trade Analysis given on 28th Jan, 2024 Pattern: RECTANGLE BOX BREAKOUT - Breakout - Done ✓ - Volume Spike at Resistance - Done ✓ - Retest & Consolidation - In Progress #stocks #swingtrade #chartanalysis #priceaction #traderyte #nationalum
Script is monthly breakout from the previous strong monthly repeated resitance of 132 and this month is bullish and touched the previous all time high resitance of 141. If this month closing above 141 and sustain above in the next month of the resistance of raisisng wedge trend line resistance of 149 then it will reach the target of 174 withoiu fail. And also...
National Aluminum Once Again Attempting to Break Resistance of 141.60 Stock Should Close Above 141.60 Levels on Monthly Timeframe for Next Rally Keep in Watchlist
Doing a retest after Multiyear breakout. Expecting it to hold. If successful, 240-250+ on the cards. With Infra and EV Spend, this stock will surely will be in play. For tracking purposes only
Nalco loking good for upside,we wait for brakeout confirmation keep in your watchlist
Read for big breakout. Also Monthly breakout above 140. Above it can perform well.
NATIONALUM gave BO last week but looks extended for now, might wait for this to setup for an entry, huge volumes have moved this too fast it feels. May be wrong here, market last couple of weeks has been crazy. Lets see how this one goes.
- Buy If cooldown up to 125-122 level (Channel BO retest) for target of 165-200 levels - View invalidated if close below 110
NSE:NATIONALUM Happy New Year in advance and farewell to 2023. Today was the last trading day of the calendar year, and I hope you all have learned a lot and gained valuable knowledge. We will continue to grow in 2024 and gain deeper insights into the market. Thank you for your trust and support. Let’s make 2024 a great year together. One More Pick For 2024...
NationalAlum Multiyear BO - Add alert at 142 Remember: I am a Price Action Trader and use Price and Volume together with different Timeframes, including RSI, and market conditions. To get best result always wait for confirmation. Focus on Risk Management and Position sizing. I use Trading view for my Analysis and charts Repositories. I could have Or Couldn’t have...
NATIONALUM has taken support very well & formed hammer pattern on weekly chart. Bullish entry if closes above 72.3 on daily time frame. Can be traded for target of 75/84, SL will be 66.
National Aluminium moving out of significant consolidation and can move towards 125+ levels soon.
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below... SWING Trading Strategy: Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%) INTRADAY Trading...
Strong Breakout., Gearing up for next levels. Supply and demand Zones. Breaking the Supply the stock is moving towards the Supply
National aluminum broken 112 resistance and making this level as support. The momentum and volume indicating the move will be above. Target is 160.
The scrip was in a corrective phase after reaching a 52W high of .The scrip gave a breakout from the triangle pattern on daily time frame forming a large bullish candle on 01.03.2023 rising 5.6 percent to Rs 82.65 with above average volumes, the highest closing level since January 31.The stock is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day...
Cup with handle breakout can be seen in NALCO. Breakout not confirmed. This is not a buy/sell recommendation.
NATIONAL ALUMINIUM bounced from 200 ema daily timeframe near breakout. 2-3 days it should breakout first small target 106.