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...
I am looking this stock as possible failed rally , because after braking out form multi week range and making higher high , the stock is not able to sustain higher high,
Its my personal views , may not be same with others , but i would like to call it as failed to hold high and ready for down trend
Lets see how it unfolds
Regards
NATIONALUM price action has made a double bottom breakout pattern in weekly chart, at 69 one can accumulate at the 63 to 65 zone for target of 77 and 115 stoploss below 60.
S-L-- Sell First & Buy Later
I shall thank all my followers & from the bottom of my heart, wishing a happy & prosperous year2017 to you & your near ones.
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What is the connection of Fair &...
As seen National Aluminium has given a breakout of an important level (68- 71) on the weekly chart with volumes after 5 years.
Conservative traders can wait for a pullback in order to get a more favourable risk reward ratio.
CMP- 79
Exit Levels- 63.50
Expected Levels- 85, 100, 110
