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2020 National Aluminium (NATIONALUM) technical analysis [forecast] stock price targets

National Aluminium technical analysis & forecast stock price targets, Daily, Weekly, Monthly technical analysis

National Aluminium deals in Aluminium National Aluminium option chain analysis

Date Close Open High Low Volume
24 Tue Nov 36.40 36.80 36.85 36.30 58.19 lakhs
23 Mon Nov 36.50 36.60 37.10 36.20 73.03 lakhs
20 Fri Nov 36.55 36.80 37.40 35.80 89.71 lakhs
19 Thu Nov 36.60 35.35 38.30 35.15 233.98 lakhs
18 Wed Nov 35.85 36.75 37.35 35.60 163.86 lakhs
NATIONALUM chart

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 36, but if it comes below 36, then a intra day sell could be more profitable.
If you take a sell trade below 36, then use 36 as stoploss and 33.53 as target. However if you take a buy trade in stock , then use 36 as stoploss and 39 as target.

  • Daily Price action analysis of NATIONALUM based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

  • Daily Price action analysis of NATIONALUM based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

  • Daily Price action analysis of NATIONALUM based on a mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Intraday technical analysis of National Aluminium

Stock is trading at 36.40 as on 24 Tue Nov 15:34

Day open is at 36.80, day high is at 36.85, day low is at 36.30, and day volume is at 1932.19 lakhs so far.

First 15 minute high low range is 36.60 - 36.85

First hour high low range is 36.60 - 36.85

Date Intraday Price Open High Low Volume
24 Tue Nov 15:34 36.40 36.80 36.85 36.30 5792443
24 Tue Nov 15:30 36.35 36.80 36.85 36.30 5792443
24 Tue Nov 15:25 36.50 36.80 36.85 36.30 5445561
24 Tue Nov 15:20 36.45 36.80 36.85 36.30 5345133
24 Tue Nov 15:15 36.45 36.80 36.85 36.30 5264485
Intraday NATIONALUM chart

Trend of National Aluminium is not defined as of yet. Wait for entry and exit levels given below.

Take a trade after 9:30am only.

National Aluminium (NATIONALUM) intraday stock price targets

  • EntEntry: 36.73 or 36.4625
  • Upside target: 36.85
  • Downside target : 36.35
  • Second Upside target: 36.63
  • Second Downside target : 36.08

National Aluminium (NATIONALUM) weekly technical analysis

Date Weekly Close Open Range Volume
24 Tue Nov 36.40 36.60 36.20
37.10
131.221 lakhs
20 Fri Nov 36.55 35.45 35.05
38.30
768.115 lakhs
13 Fri Nov 34.80 32.95 32.25
35.20
516.482 lakhs
06 Fri Nov 32.65 30.60 29.95
32.90
437.941 lakhs
30 Fri Oct 30.35 30.95 29.65
31.45
461.931 lakhs
weekly NATIONALUM chart

Weekly forecast of National Aluminium is negative. Sellers dominated the stock this week, and might continue to dominate in coming days too.

Weekly Price action analysis of National Aluminium based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Weekly Price action analysis of National Aluminium based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

National Aluminium (NATIONALUM) Monthly technical analysis

Date Monthly Close Open Range Volume
24 Tue Nov 36.40 30.60 29.95
38.30
1853.758 lakhs
30 Fri Oct 30.35 32.55 29.10
33.30
2471.377 lakhs
30 Wed Sep 32.25 35.75 29.95
38.05
2785.33 lakhs
31 Mon Aug 35.85 32.75 32.50
40.05
3180.329 lakhs
31 Fri Jul 32.75 31.85 31.25
37.50
3757.888 lakhs
monthly NATIONALUM chart

Monthly forecast of National Aluminium is positive. Buyers dominated the stock this month, and this trend might continue for a few days

Monthly Price action analysis of National Aluminium based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Monthly Price action analysis of National Aluminium based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

National Aluminium Daily stock price targets

  • Upside daily target: 39.03
  • Upside daily target: 37.09
  • Downside daily target: 35.26
  • Downside daily target: 33.13

National Aluminium Weekly stock price targets

  • Upside weekly target: 39.05
  • Upside weekly target: 37.05
  • Downside weekly target: 34.36
  • Downside weekly target: 32.34
  • Downside weekly target: 30.54
  • Downside weekly target: 28.43

National Aluminium Monthly stock price targets

  • Upside monthly target: 41.73
  • Upside monthly target: 39.38
  • Upside monthly target: 37.5
  • Downside monthly target: 35.15
  • Downside monthly target: 33.18
  • Downside monthly target: 30.58
  • Downside monthly target: 28.43
  • Downside monthly target: 27.05
  • Downside monthly target: 21.13

National Aluminium (NATIONALUM) indicators technical analysis

Price action analysis of National Aluminium (NATIONALUM) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for National Aluminium stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for National Aluminium in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

National Aluminium Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for National Aluminium in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of National Aluminium is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 35.81 and National Aluminium NATIONALUM stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the National Aluminium NATIONALUM stock. Volume based technical analysis of National Aluminium NATIONALUM stock is negative.

National Aluminium Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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