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NATIONAL ALUMINIUM CO.LTD.NATIONAL ALUMINIUM CO.LTD.NATIONAL ALUMINIUM CO.LTD.

NATIONAL ALUMINIUM CO.LTD.

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NATIONALUM trade ideas

National Aluminum (Flag & Pole)National Aluminum (stock symbol: NATIONALUM) experienced a significant decline from its peak at 127, dropping down to 67. However, it found support at this level and formed a double bottom pattern, with the second low also at 67. Subsequently, the stock began a slight upward movement but has remained within a channel pattern since August 2022 until today, 29th June 2023. Notably, the trading volume has gradually decreased during this channel period. A breakout on either side of the channel is expected to result in a substantial move, with a preference for the downside. For a short position, it is advisable to enter at 79.10, and the first target for this downward movement is set at 71.35. If the decline continues, the second target is projected at 67.25. Conversely, for a long position, the entry price is 86.75, and the first target for an upward move is set at 99.70. It's important to note that National Aluminum is an FnO (Futures and Options) stock, allowing for trading in both equity and FnO segments. Please note that this analysis is based on the provided information, and it's always recommended to conduct further research and analysis or consult a financial advisor before making any investment decisions.
NSE:NATIONALUM
by JigarHathiyani
NATIONAL ALUMINUM BREAKOUTDisclaimer- The risk of loss in trading stock, future,forex and option is substantial and losses may exceed initial investments. Past performance,wherther actual or simulated, is not indicative of future results. By viewing this video you agree that decision to purchase or sell any financial product is the sole responsibility of the person initiating such a transaction, specifically you. and Wealth Depth or this Youtuber is not responsible for your decisions or their consequences. This Video is for educational purpose only. Thank You...😊
NSE:NATIONALUMLong
by Abhijit7
DON'T HAVE TIME TO MANAGE YOUR TRADES?Double Bottom Pattern Breakout in One Day Chart - Book profits within the first 30 minutes of the market opening - Try to exit by taking 8-10% profit of each trade - SL can be taken when the 5/15 min candle closes below 44EMA Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the time they either consolidate or fall CMP- 72.45 Target Price 82
NSE:NATIONALUM
by kishan_Vyas