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'Bullish' on National Aluminium for Medium Term

Long
NATIONAL ALUMINUM (NSE:NATIONALUM)  
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NSE:NATIONALUM   NATIONAL ALUMINUM
Trend Analysis NATIONALUM
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trendanalysis nationalum
The scrip was in a corrective phase after reaching a 52W high of .The scrip gave a breakout from the triangle pattern on daily time frame forming a large bullish candle on 01.03.2023 rising 5.6 percent to Rs 82.65 with above average volumes, the highest closing level since January 31.The stock is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages.This suggests that buyers have started taking control.

A buy above 85 levels is recommended for first target of 97 and 2nd target of 112.
Commentaire:
Target 1 achieved on 1st Aug '23 !!
Commentaire:
Target 2 achieved on 18th Dec'23!!!
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