NALCO recently broke it's all time high . It has been trading in the range since last 12 yrs. This time it has crossed the strong resistance zone. We can expect a targets of 200++ in this counter.
#NATIONALUM
Stock had it’s first weekly close above the resistance zone; also poised to close 1st month candle above this resistance zone.
Stock is breaking out after 16 years - Definitely bullish imo!
In national aluminum, we have seen a brief history level and expected moves. We have marked few levels for upward and downward move We have to mark 9 4.5 or 95 level For approved target of 100 with Stop loss of 91 If we crossover 102 with confirmation closing then we can see 112 and 115.
This is only for informational and educational purpose only. Please do your...
NSE:NATIONALUM
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and...
National aluminium breaking long term resistance level, with high volume.
wait for it to cool down and buy close to resistance, it can be a good investment stock or cann be a positional trade also..
National aluminium weekly trendline breakout With huge spurt in volumes and good news of stronger lme aluminium prices so add for swing target of 107 and 132.
Nationalum post a massive move, has retested the falling trend line, qualifying it for a BUY at current levels & on dips for a positional target of 138 levels.
💥National Aluminium💥-Nice Breakout
Capital to be deployed- 20k
Investing Price-116-117
Breakout Price-116
Stoploss-93
Targets-159-301
RT for max reach
#nationalalum #stockstowatch #StocksToBuy #StocksInFocus #stocks #StockMarket
stock strong structure formed
go long
NALCO has the largest integrated alumina-aluminium complex of Asia. Its integrated operations cover the entire aluminium production value chain from mining bauxite, refining alumina, smelting aluminium, captive power generation to a strong logistic network.
NSE:NATIONALUM
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for...
national aluminium shorterm gain possible cp 94 target 102.10
technical breakout possible above 95.25 super bullish should come soon holding period should be 7 days and fundamentally also good
