NATIONALUM trade ideas
wave analysis of national aluminum 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.
Positional Investment Idea: BreakoutNalco 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
BUY CALL ON NATIONALUMBuy@106
Target@120
Stock is in full momentum and having more than 13% Upside potential.
Looks like this channel gonna break 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.
Bullish NATIONALUMBuy = 92.1
SL = 85.65
TARGET = 111.45
Bullish NATIONALUM NATION ALUMINIUM
Buy for short term
Falling Wedge PatternStock Analysis: National Aluminum trading on falling channel it is good buy around marked demand (Green) area for conservative entry with zone bottom as stop loss for the target as above trend line.
Happy Investing!
NATIONALUM It will go UpA lot of factors such as the Pattern, News and Economic factors and other things.
Wedge Pattern BreakoutStock Analysis: Nationalalum has broken the wedge pattern currently it is trading around important level, once closing above the supply zone marked on the chart expect to reach the target given on the chart for long team.
Let's see
Happy Investing!
national ALUM on support zoneNATIONALALUM Seems bullish from here
1. On main trendline support
2. Made daily time frame dragon fly candle
3. in 4hr time frame crossing BB
4. In 4hr time frame showing support at 200ema
Nationalum - LongNationalum CMP - 51.75
Looking bullish in higher time frame. One can go for Short / Long Term Trade Setup with the following entry, exit & targets.
Buy Range 48 - 50 / Stop Loss 42.50
Target 1 - 60
Target 2 - 65
Target 3 - 70 / 75
Disclaimer: This is my view and for educational purpose only.
National aluminum chart on monthly time frameHey...
This is the chart of national aluminum on monthly analysis here we can see good upside movement up-to 110-120 trade accordingly your risk management and position sizing
