By Tristartrading substack Weekly ascending triangle, the stock is ready to breakout and continue moving higher towards Rs.96
Once the resistance of 85.35 gets breached on a closing basis, 1st target is up to 95, then 105 opens up.
Nationalum is broke it's resistance we can expect good momentum from here. Please wait for entry. And please watch price action
In the Weekly Chart of NATIONALUM , we can see that, after multiple failure of Cup & Handle, It has now at decision making. possible momentum are shown in charts.
NSE:NATIONALUM hello trader this the chart of nationalum of 4hrs timeframe. its going through downtrend in bigger time frame. still it have a trendline support.downside support level 67. if breakout happened towards upside then we have to see fibonacci level.upside resistance level 86.
National Aluminium has given breakout of 9 months old trendline as well as the accumulation zone. for nearest target of 98-100.
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NSE:NATIONALUM looks long towards 87.2. On SMA level buying price RANGE 84 and looks first breaking point 87
After Double bottom looking ready for a move up Breaking 81 is important
In the Weekly Chart of NATIONALUM , we can see that, it is creating a Bearish flag.
NALCO week chart strong support zone is 66 Strong Resistance zone is 88 Above 90 it can go bullish or if take rejection from here then wait for a good bearish pattern or candle for short
NACL ( NATIONAL ALUMINIUM ) is in uptrend so you can go for long and the expected target price will be 90. Note : This is just for Backtesting and Educational Purpose Only.
Double Bottom Pattern Breakout in One Day Chart - Book profits within the first 30 minutes of the market opening - Try to exit by taking 8-10% profit of each trade - SL can be taken when the 5/15 min candle closes below 44EMA Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just...
NSE:NATIONALUM WAIT FOR PROPER BO OR RETEST 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!
#NATIONALUM NSE:NATIONALUM CMP: 78 TP: 98 SL: 71 TF: <6m RR > ~2.6 times Return > ~25% NATIONALUM NSE:TATASTEEL NSE:JINDALPOLY NSE: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...
Good Breakout...with good RR ratio...Tgt mentioned..enter in tranches
NALCO double bottomed near fibonacci 50 and 61.8 levels ...took support there we can observe good movement
NATIONALUM Buy for intraday trading if stock break the given resistance level........