hjharsh

NATIONAL ALUMINIUM SWING BUY

Long
NSE:NATIONALUM   NATIONAL ALUMINUM
National Aluminium is already in a strong uptrend.
Reason behind the swing:

1. Taking a support over the drawn trendline.
2. Morning star is made on the trendline support.
3. 55 EMA support.
4. Earnings announced are also good.

Entry will be when it gives a closing >=104 , as it may took a resistance from the zone of 102-104.

Entry : when closed above 104
Stoploss : 97.35 ( placed below the trendline and LOW of doji )
Target : 124+ ( previous swing high )
RR ratio --> 1:3

Disclaimer : This analysis/strategy is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.