NATIONALUM BIG BREAKOUT & RETESTFundamental Analysis
1. Amazing Book Value
2. Nearly Zero Debt
3. Attractive Dividend Yield 3.30%(Extra Return on Holding for just 1 Quarter)
4. ROE & ROCE is Fascinating above 10-15%
5. Underperformed Like other PSUs and blasted in 2022-23, This Year Metal Sector Will Blast and Nationalum Will be Outperformer of Market
6. Sector Leader with Hindalco
7. Consistent Increasing sales and profit both QoQ and YoY also.
8. Increasing CWIP Will also create more revenue and profit.
9. More than 85-90% of holding is in Ultra strong DIIs FIIs & HNIs(Low Public(Weak) Holdings).
Technical Analysis of NATIONALUM
1. Accumulation phase is over (Big blast Breakout after 15-16 Years Like PFC, REC, TWL,MRPL, Chennpetro)
2. Successful Breakout on Daily, Weekly & Monthly TF
3.Breakout with Huge Volume happening
4. Volume Increased during Accumulation Phase from
5. Retest of Breakout Level Completed and Rejection shown on Daily TF & Buy Signal on H1 TF
Buy @ 130-135 SL - 120 Target- 250
Holding Time 3-6-9 Months
Possible Projected Loss- 10%
Probable Projected Target - More than 80%
