'Bullish' on National Aluminium for Medium Term

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.

Kommentar:

Target 1 achieved on 1st Aug '23 !!

Kommentar:

Target 2 achieved on 18th Dec'23!!!