varadtambolkar

NALCO showing strenght in weak market.

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varadtambolkar 已更新   
NSE:NATIONALUM   NATIONAL ALUMINUM
Nalco took support for the fourth time on the trendline, & approaching the resistance for the 3rd time. Stock has is spending time at supports.
Hence chances of entry after a proper breakout and Retest is unlikely.
Current entry before breakout is available at Low risk point.
Keep SL 107

Cup & Handle pattern is taking shape


Stock is also approaching its life highs of 2008 with aggressive volumes. This can turn to be a multiyear breakout.



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