NATIONALUM
STEELCITY #STEELCITY 63 to 90 #Invest #Trading #IT #IRON #STEELNSE:STEELCITY
NSE:STEELCITY
STEELCITY
CMP: 63.80
Target 90
SL: 55
TF < 3 months
Return > 44%
RR > 3
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
NATIONALALUM / NALCO Cup & Handle pattern NATIONALALUM / NALCO has completed Cup & Handle pattern on Daily Timeframe. Keep an eye on this. If it gives breakout then next target will be 170.
NATIONALUM shared with E: 5.6 !! Bhooooom.NSE:NATIONALUM
#NATIONALUM 90 level shared with entry @ 5.6 and it zoomed to 8.65 till now.
23k profit bagged till now !!
Details shared !!
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
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 - 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.
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
