NATIONAL Aluminium: BullishThis is kind of trade, where you keep trailing. You do not limit the reward.
Just trail the SL until price closes below latest swing low.
NATIONALUM trade ideas
National allmunium Upside PotentialNational allmunium more then 20% Upside Potential, add in your watchlist
Darvas Box Strategy - Break out Stock - Swing TradeDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only.
Stock has given break out. Buy above high. Keep this stock in watch list.
Buy above the High and do not forget to keep stop loss, best suitable for swing trading.
Target and Stop loss Shown on Chart. Risk to Reward Ratio/ Target Ratio 1:2
Stop loss can be Trail when it make new box / Swing.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
NATIONAL ALUMINIUM CO LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NATIONALUMNSE:NATIONALUM
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
National Aluminium 4 Nov 2024Monthly BB Challenged
Weekly BB Challenged
Weekly Mother Candle
Daily Wait for Weekly MC to Break Out with good volume and BB Challenge
RSI is already above 60 in Daily
NALCO : H & S pattern update....Neck line being tested as of 31st Oct 24 on hourly chart.
For study purpose only...No financial advise
Head and shoulder in NALCOHead and Shoulder and resistance at key levels as well as test after H&S visible.
Darvas Box Strategy - Break out Stock - Swing TradeDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only.
Stock has given break out. Buy above high. Keep this stock in watch list.
Buy above the High and do not forget to keep stop loss, best suitable for swing trading.
Target and Stop loss Shown on Chart. Risk to Reward Ratio/ Target Ratio 1:2
Stop loss can be Trail when it make new box / Swing.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
National aluminium is ready to flythis stock taken support there is double confirmation gann fan and fib as well if it breaks previouse high it may not come to this support again ,this is for educational purpose onliy to learn how to analyse chart.
NATIONAL ALUMINIUM--buyAs expected share bottomed out and broke trendline now in 1st wave of 5th wave and in (3rd of 1st 5th wave .) build your position accordingly
NATIONALUM buy side "NATIONALUM bullish," it seems that the overall sentiment is positive, with many analysts and technical indicators suggesting a potential increase in the stock price
national aluminium-- accumulateNATIONAL ALUMINIUM--WE are near to breakout and 3rd of 5th wave dividend of rs 2 in stock. Target of 5th wave are marked in chart
Bullish RSI Divergence National Aluminium Company LimitedNational Aluminium Company Limited Bullish RSI Divergence seen at demand if every thing goes well fundamentally price can see new highs..
NATIONALUM: Range-Bound but Ready for a Breakout
Price Action: Trading within a range for the past few days
Potential Move: Awaiting a breakout in either direction
Breakout Alert: Stay tuned for a breakout soon
MACD Crossover Swing Trade - NATIONALUM📊 Script: NATIONALUM
📊 Sector: Non Ferrous Metals
📊 Industry: Aluminum and Aluminum Products
⏱️ C.M.P 📑💰- 191
🟢 Target 🎯🏆 - 203
⚠️ Stoploss ☠️🚫 - 183
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
National Alumnium Company Nalco
#NationAlum
CMP:₹.198.9
National Alumnium Company is one of the top foreign exchange earning CPSE in India.It provides a substantial return over last 1 year. TECHNICAL CHARTS showing the rally has has started. 50% movement can be expected from here. For suitable for both short term and long term .
Stoploss @ ₹.185 levels.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly
NATIONAL ALUMINIUM TARGET 251 STOP LOSS 185National aluminium Strong monthly pin bar retracement from the support of 150 and good retracement from the support of previous monthly closing 187. And seven consecutive days in intraday higher and high formation with bullish. Strong breakout possible and next target is 251
National aluminium chart analysisNational aluminium chart analysis on daily time frame. Please share your valuable feedback.
Investment Recommendation: National Aluminium - Near Term TargetInvestment Alert: National Aluminium
Target Prices:
Near Term Target 1: ₹263
Near Term Target 2: ₹342
Stop Loss: ₹141 (in case of correction)
Note: Please ensure to review your investment strategy and consult with your financial advisor before making any trading decisions.
Key Business Segments:
Bauxite Mining: NALCO is one of the largest bauxite mining companies in India. It operates bauxite mines in the Eastern Ghats in Odisha.
Alumina Refining: The company refines bauxite into alumina at its refinery in Damanjodi, Odisha.
Aluminium Smelting: NALCO operates a smelter plant in Angul, Odisha, where alumina is processed into aluminium.
Power Generation: The company has its own captive power plant to ensure a reliable power supply for its operations.
Products and Services:
Aluminium Products: Ingots, billets, wire rods, and rolled products.
Chemicals: Hydrated alumina and calcined alumina.
Power: Surplus power is sold to the grid.
NATIONALUM BREAKOUT Monthly Breakout with Good Volume.
Good for Long term.
Happy Investing ...
Disclaimer : This is not a Buy or Sell recommendation. Please consult your financial advisor before making any investments . This is for Educational purpose only.
Review and plan for 29th May 2024 Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
