NSE:NATIONALUM
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The tape has formed a VCP.
Volume dry up on red days indicating supply absorption.
Tape is drifting sideways around key 21 & 50 EMA.
Missed pivot buy at 104.
Tracking this tape.
Publishing for my own reference.
Not an investment/trading advice.
Stock has broken its major resistance and technical Indicators also has bullish views at current price level.
"Above Idea is for study purpose only, Please consult your financial advisor before taking any position."
I have made a very short video on national aluminum stock on the basis of wave theory. and hope the same shall be appreciated by the trading community at large.
Nalco gives a breakout after a very long period.
So, I strongly believe that Nalco may give multibagger return in coming days
Here are my Target 140, 160, 240
National Aluminum is in a channel pattern and by the strong move from today if this really continues upside with momentum and breaks the channel we can see good rally in this.
