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 trade ideas
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
Using AO MACD MA/EMA combinationUsing AO MACD MA/EMA combination with session break in best way, it's working best in trend ( down or up). 1st find trend with MA/EMA, for intraday you can take 5 min. time range and test with hourly chart. You can confirm buy or sell with MACD AND AO.
THANKS
HAPPY TRADING
NATIONALUM 1D TFIt's my personal analysis not a recommendation to anyone
The stock had been range bound in starting, but then it started following wedge formation and now it is about give a break according to past trend it should give positive breakout.
NATIONAL ALUMINIUM:13 year old triangle breakout Buy 55-65
Target - 100,130.145
SL - 46
POST YOUR QUERY IN COMMENT SECTION
buy nalcoself explanatory. there might be some consolidation. anything close abv 62 can take further move till 74
NATIONALUM - Monthly & Weekly chart analysis - Swing TradeThe stock price is analysed purely based on Price action & Popular chart patterns.
Analysis is done both on Monthly as well as on Weekly Time frame. It may take the stock price few weeks to months to reach potential targets
Analysis is shared through below images.
Monthly Chart - Falling Wedge
Weekly Chart - Darvas Box
Weekly Chart - Bull Flag
Traders should do their own study before entering into any trade.
Also checkout my other ideas based on similar setups and their results (ideas linked below)
Feel free to comment for any suggestion or query.
Good for Long view· Market Cap₹ 9,872 Cr.
· High / Low₹ 64.0 / 26.6 Current Price₹ 53.8
· ROCE2.23 % ROE1.33 %
· Dividend Yield4.65 % Debt to equity0.00
· Industry PE15.5 Stock P/E21.3
· Promoter holding51.5 % Pledged percentage0.00 %
· Return over 1year92.3 % ROE 3Yr8.24 % ROE 5Yr7.17 %
Current Resistance @ 63 Trend Positive
Target - First 78 Target - Second 95
Support 47
