The Divine Rudra Veena made of Aluminium (NALCO)
Recently all the Metals are going thru a Major Rally globally with Gold leading the Chart following by Silver, Copper, Steel and now Aluminium joins the Party
National Aluminium has formed an Interesting Pattern on Daily Timeframe resembling a "Veena" Musical Instrument and apparently NALCO is ready to play a divine song :)
Price Broke out of a larger Rounding Bottom pattern above 170 and then retested the BO zone and formed a Small Rounding Bottom pattern - the structure looks like a Veena
The upcoming Targets are 220, 250
Recommendation on NALCO was first given at 142 levels when it broke out of a Multi-Year (16 Years) Rounding Bottom pattern and as on date - we are holding with 35% Gain and waiting for 2x
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
National Aluminium has formed an Interesting Pattern on Daily Timeframe resembling a "Veena" Musical Instrument and apparently NALCO is ready to play a divine song :)
Price Broke out of a larger Rounding Bottom pattern above 170 and then retested the BO zone and formed a Small Rounding Bottom pattern - the structure looks like a Veena
The upcoming Targets are 220, 250
Recommendation on NALCO was first given at 142 levels when it broke out of a Multi-Year (16 Years) Rounding Bottom pattern and as on date - we are holding with 35% Gain and waiting for 2x
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
