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
NATIONALUM trade ideas
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 )
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
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 of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
swing buystock strong structure formed
go long
NALCO has the largest integrated alumina-aluminium complex of Asia. Its integrated operations cover the entire aluminium production value chain from mining bauxite, refining alumina, smelting aluminium, captive power generation to a strong logistic network.
NATIONALUM
NSE: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 Aluminum - Elliott Wave CountNational Aluminum - Elliott Wave Count
markets seem to have completed the correction and soon will start a new upward impulse wave with a target of 100 and above. However, if the market drops below 85, this view is invalid.
Please note that this information is solely for educational purposes, and it is essential to exercise caution when trading.
NSE:NATIONALUM NSE:NATIONALUM1! BSE:NATIONALUM BSE:NALC1!