Rachit_Sethia

#NATIONALUM #HINDALCO #VEDL #VEDANTA #JSLHISAR #JINDALSTEL #SAIL

Long
NSE:NATIONALUM   NATIONAL ALUMINUM
#NATIONALUM
NSE:NATIONALUM
CMP: 78
TP: 98
SL: 71
TF: <6m
RR > ~2.6 times
Return > ~25%

NATIONALUM
TATASTEEL JINDALPOLY SAIL
JSWSTEEL JINDALSTEL HINDALCO TATASTLLP JINDALSAW JSL JSLHISAR JINDWORLD JINDRILL JINDALPHOT VEDL HINDZINC HINDCOPPER

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

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