NSE: NATIONALUM is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 11%...
NATIONALUM is moving out of significant consolidation and can move towards a Weekly breakout. It was the previous support and after the downward flight it acted as a resistance and now it had given the breakout.
#SwingTrading
#Breakout
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Disclaimer: This video is for educational purposes and not a recommendation. Analysis Posted here is just our...
Hi friends, sharing weekly chart of National aluminum for a breakout retest idea, As it apperas on provided chart that it gives a breakout of rising wedge and a horizontal resistance zone at by the same weekly candle and after this breakout it went well to 98 levels from 88 levels but now after taking resistance from 98 levels it came down again to breakout zone...
The stock gave an ascending triangle breakout and after the initial impulsive move, has corrected.
It retested the initial breakout level of 86.5. The corrective wave retraced 61.8% of the impulsive wave which is a great retracement.
The RSI has also cooled off.
The stock looks good buy above 91.2 level, carry on day closing basis for positional targets...
NATIONALUM was shared/entered during Nov 22. After hitting Target 1 it went down but never breached the SL placed @ 71.70.
Instead it bounced back from the SL and hit Target 1 again and consolidation for 6 months. Now looking for a good 5-15 % move.
Entry - Close above 86
Target - 5-10%
SL- 80.40
SL is on closing basis. Study the Stock & Trade Responsibily.
This script is showing good signs for going long. It has broken out from an ascending triangle pattern with good volume.
Entry @ CMP
Stoploss: 87
T1: 99
T2: 107
#Nationalum has given a daily breakout & awaiting it’s retest.
Next target looks around 106 which can be like 20% gains
Buyable at dips around 86/88
Thank you
Keep a close track of NATIONALUM because it's close to breaking out. For the past year, the stock has been moving within a supply demand range, forming a rectangle pattern.
By Looking at chart, you can see that it has repeatedly reached resistance and then returned to its support level.
Today, it has once again reached that resistance level, and it seems likely...
The analysis is done on Daily TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
NOTE - Usually Price Shows reversal with help of certain setups - Inverted H&S, Cup & Handle, Wedge pattern & Ascending Triangle Pattern.
The above analysis is purely for educational purpose. Traders must do their...
Hello Friends,
Here we had shared possible Elliott wave counts of National Aluminium chart, on daily time frame, which is clearly indicating that above 66.95 major support level it is purely in an impulsive phase.
According to the Elliott wave structure, the price chart has exhibited the following patterns:
The initial phase consisted of an upward impulse...
