NationalAlum Breakout of 17 yearsNationalAlum breakout after 18 years of consolidation for a long move
NATIONALUM trade ideas
The Divine Rudra Veena made of Aluminium (NALCO)Recently all the Metals are going thru a Major Rally globally with Gold leading the Chart following by Silver, Copper, Steel and now Aluminium joins the Party
National Aluminium has formed an Interesting Pattern on Daily Timeframe resembling a "Veena" Musical Instrument and apparently NALCO is ready to play a divine song :)
Price Broke out of a larger Rounding Bottom pattern above 170 and then retested the BO zone and formed a Small Rounding Bottom pattern - the structure looks like a Veena
The upcoming Targets are 220, 250
Recommendation on NALCO was first given at 142 levels when it broke out of a Multi-Year (16 Years) Rounding Bottom pattern and as on date - we are holding with 35% Gain and waiting for 2x
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NatioonalAluminium (Daily)National Aluminium (Daily)
Cmp- 173
All time high breakout and retest done
Taking support on 50 EMA
Can accumulate till 160
Target new ATH
Disclaimer : Not a buy sell recommendation
For educational purpose only.
Going long in National AlumThe hourly chart of National Alum does indicate a change in trend from bearish.
The buying started @ 174 after which it breached the resistance @ 178 as well.
I am going long with a support at 178 for target of around 190.
#Educational purpose only
wait for 50 EMA retest Stock has given 50 EMA breakout, it already braken all time high when i took trade last time.
wait for 50 EMA retest this time
target 168
SL 140
NALCO-NATIONAL ALUMINIUMthough share price is progressing buy MACD showing some profit booking at 183-84 level we have a trendline resistance at 185-87 level. Long target min 229 as per wave analysis.
NATIONALUMwe are looking NATIONALUM bullish move.
If market take support from channel it will boost to increase buying pressure.
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#Nalco Range #Breakout at ATHAs you can see in the chart, Nalco has given the #breakout at ATH after forming a #Flag on chart.
Nalco was able to sustain when market was falling and instead of much deep price correction, it has consolidated between the range. Today after fight in the range, Nalco was able to coming out of range formed and give #Breakout on stock.
Sustaining this breakout can take it to much higher levels.
If you check the RS of Nalco against Nifty 500, with price breakout stock has also given breakout in RS.
NATIONAL ALUMINIUMbreakout stock. enter@140.. no SL and positional play.
target and quantity as per individual
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%
NATIONALUM- AnalysisInvestment Levels
Bullish Levels - Above 141 , 163 then 190 then 200 (strong level) then 217 then 244 then 272 to 277 strong level above this you can expect 342 then 419 then 435. or 462
Bearish Level - Below 129 , 108, then 81 then 70 (strong level) below this more bearish.
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NALCO-national aluminium buyBuy with a price target of 183-86 as per trend . Trend is positive and long term 3rd wave target minimum 229 .
Nationalum Breakout after 15 years looking strong for positionalNationalum Breakout after 15 years looking strong for positional with huge volume looking for go all time high
National AluminumMulti-year range breakout with slanted inverted head & shoulder breakout already happened in last month close. Price pushing further ahead. Weekly & monthly RSI is around 80 right now which may pose some cooling off consolidation.
Disclaimer: Intended for educational purpose only and it's not a buy or sell recommendation.
NALCO (NATIONAL ALUMINIUM) - SWING TRADING ANALYSISAfter a very long consolidation in a form of Ascending triangle a good breakout is there with a good volume.
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HAPPY TRADING GUYS
@Jagadheesh_Jk
A multi year breakout ? I am waiting for a candle to complete above horizontal all time high line on weekly timeframe. If it does it could give upto 8o% upward move. first target would be around intersection of slanting trendline.
Company backed by strong fundamentals. ROE and ROCE is good. face value 5.
(this my opinion, strictly for educatonsl purpose only )
Did anyone spot the similarities?Nalco and PFC comparison charts would help in predicting the moves in Nalco(SL is a must)
NATIONAL ALUMINUMThis stock breakout 15 years resistance with high volume
and TGT will be 1X
only for educational purpose
NALCONALCO recently broke it's all time high . It has been trading in the range since last 12 yrs. This time it has crossed the strong resistance zone. We can expect a targets of 200++ in this counter.
#NATIONALUM is breaking out after 16 years#NATIONALUM
Stock had it’s first weekly close above the resistance zone; also poised to close 1st month candle above this resistance zone.
Stock is breaking out after 16 years - Definitely bullish imo!
National Aluminum - Bullish Flag Pattern *National Aluminum Feed CMP - 141.10 / Positional Trade*
*Buy At Current Price 141 / Strict Stop Loss 114*
Target 1 - 160
Target 2 - 180
Target 3 - 200
Disclaimer: This is my view and for educational purpose only.
National aluminium 3rd December 2023 Hindi languageIn national aluminum, we have seen a brief history level and expected moves. We have marked few levels for upward and downward move We have to mark 9 4.5 or 95 level For approved target of 100 with Stop loss of 91 If we crossover 102 with confirmation closing then we can see 112 and 115.
This is only for informational and educational purpose only. Please do your own research before taking any action. Thank you
