NATIONALUM - Neutral Symmetrical Contracting Triangle - 15 mins
NATIONALUM - 15 MIN - REVERSAL FALLING WEDGE Today's chart pattern analysis - target achieved. TP - 1.25 and SL - 0.60
Ascending channel and Ascending triangle on nationalum
Medium term bullish trade - Stock is trading in upward channel. Buy at CMP and accumulate on dips around 115-116, Keep a stop loss of 109 on daily closing basis and go long for immediate targets of 132 and 138. Good luck.
Nalco is moving in channels at different support and resistance level. Once it breaks the channel with volume, a big move can be seen, until that enjoy the channel pattern.
Long! support seems to be good! wait for the previous high to break just to take a small trade
This stock is facing resistance again at the top. However price is not making lower lows and trendline also acting as support for the price. Once the price breaks upper level a new high can be expected in this. If trendline is broken for down side than fall can be expected in this.
VCP characteristics. Not an investing/trading advise. Documenting for my own reference.
This is a purely technical analysis done by me with the best of my understanding. This is in no way a suggestion or recommendation for trading.
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Stock is continuously trading in a upward channel, again look support from the channel trend line. You can go long at cmp, keep a sl below trend line on closing basis, which could be 112 or 110 to be on the safer side and play the market volatility. Possible target is 132 and above. Happy trading. Good luck.
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Not so perfect set-up but limited risk and long term strong rewards
NATIONALALUM / NALCO has completed Cup & Handle pattern on Daily Timeframe. Keep an eye on this. If it gives breakout then next target will be 170.
NALCO stock has corrected from its high and is now again continuing its journey upwards. stock has cleared the 50EMA with considerable volume. A short or long term position will give atleast 20% returns. keep SL as ₹86. and trgt ₹123.
Can take a long position for 140 levels in Nationalum
Entry:115 1. The Chart is bullish. 2. Look for a wide range candle marked at the zone 3. When the price fell the volumes did not spike 4. Results are near, so enter with less qty.
This stock had given good breakout and now coming for retest the breakout level. Then again it will ready for big move....Maintain Stoploss @108.