NATIONALUM | Multiyear BO | 16-years BO | Monthly Chart

29 Jan 2024

Chart analysis:
Pattern: Basing pattern is formed. Consolidation might happen near breakout zone after a big rally.
Breakout: Basing pattern is broke the All Time High (ATH) price after 16 years.
Volume: Volume action is clearly visible near breakout zone.

Trade setup:
Entry price: Close of 148.40 price break candle.
Stop loss: Below Low of price breaking candle or previous candle.
Target 1: 226.35
Target 2: 257.5

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades

4 Feb 2024

Nota

Chart analysis in Daily time frame:
1. The price is above 21 EMA (short term trend), 50 EMA (medium term trend) and 200 EMA (long term trend) indicating a strong uptrend.
2. Using Fibonacci retracement tool, the price reached 0.786 level and expecting to reach price 159.4.

5 Feb 2024

Nota

The daily target is reached today i.e., 159.4 as mentioned in previous comment.