Double top / resistance 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.
NATIONALUM trade ideas
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Nalco - bullish tradeStock 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.
NATIONALUMNSE:NATIONALUM
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