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.
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though 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.
we are looking NATIONALUM bullish move.
If market take support from channel it will boost to increase buying pressure.
Disclaimer:
Kind regards to all friends and members ,
Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training...
As 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...
Fundamental 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...
Investment 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.
*Comment or message me if you wish to see my analysis for any...
Multi-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.
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.
After a very long consolidation in a form of Ascending triangle a good breakout is there with a good volume.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any...
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 )
