NATIONALUM trade ideas
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
NATIONALUM short !?NATIONALUM seems like it is hitting roof. It is consistent with completion of 5th Elliott impulse and strong resistance. I am expecting short. Let's see how it goes .
NATIONALUM -- Long - if sustains above NATIONALUM -- just crossed trend line -- if continue the momentum and sustaining above 52--
will test next targets - Next targets - 57 - 62 - 68
Trade carefully
NALCOview is personal, intraday tip for 13 jan 21, buy NALCO with a target of 2 to 3 %, keep SL of 1%
NALCO - A Long Cup N Handle in ProgressNALCO - Blue line was an earlier thought process of CnH , now shifted to a probable Red line...! Let us see...!. Also note how beautiful AD Line indicated topping out divergence.
DISC: Not a SEBI Registered. I post charts for my own study.
National Almunium NALCO big move expected Head and Shoulder National Almunium NALCO big move expected Head and Shoulder Pattern refer image it is self explanatory expecting level below 30 in coming days if market in not news driven
NATIONAL ALUMINIUMIF IT CROSSES ABOVE 41, IT MIGHT HEAD UP WAY TO 44.5 46.5 48.5
ELSE RETURN TO 37.50
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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NAtional aluminium Triangle Breakout Target 37/38Adhering to the trend line and gave a breakout of the triangle on Daily TF
Stop loss of 32 on closing basis with a potential target of 37/38
Strong Resistance at 37/38 of 200Day EMA, this will be 4th time it will try to breach that level.
Will it break ? Lets wait and check it out !!
buy at this level with SL 31.20strong buy signal maintained SL 31.20 1 target 38.9 and 2 target 46.9
