NATIONALUM - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.4

Here’s a detailed technical analysis of National Aluminium Company Ltd (NATIONALUM)

📊 Trend Overview

Current Trend: Bullish

Phase: Trending with strong momentum

Bias: Positive, supported by price action above key moving averages and strong MACD

📈 Technical Indicators Analysis

🔹 Moving Averages

50 DMA: ₹198

200 DMA: ₹190

Current Price: ₹214

Price is well above both DMAs → confirms bullish trend

Rising slope on both averages → momentum is accelerating

🔹 RSI (Relative Strength Index)

RSI: 64.8

Bullish zone, approaching overbought territory

Indicates strong buying interest but caution near ₹225+

🔹 MACD (Moving Average Convergence Divergence)

MACD: 6.78

Strongly positive → confirms bullish momentum

Histogram widening → trend strength increasing

🔹 Bollinger Bands

Price near upper band → bullish breakout zone

Bands expanding → rising volatility

Could signal continuation if volume supports the move

🔹 Volume Trends

Current Volume: 57.9 lakh

1-Week Avg Volume: 79.8 lakh

Slightly below average → suggests mild consolidation

Watch for volume spike to confirm breakout above ₹220

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 208 Minor pullback zone

Support 2 198 50 DMA, strong base

Resistance 1 220 Immediate resistance

Resistance 2 240 Intermediate ceiling

Resistance 3 263 52-week high, major breakout level

🎯 Entry & Exit Zones

Optimal Entry Zone: ₹208–₹212 (on pullback near support)

Exit Zone / Profit Booking: ₹240–₹263 (resistance and breakout target)

🔍 Momentum Signals

Short-Term: Bullish momentum with breakout potential

Medium-Term: Trending upward with confirmation from MACD and moving averages

Volume: Slightly below average, but trend remains intact

🧭 Conclusion

NATIONALUM is currently trending upward, supported by bullish indicators across the board. Price action above moving averages, a strong MACD, and expanding Bollinger Bands suggest continuation. Traders may consider entering on dips near ₹208 with targets around ₹240–₹263, while monitoring RSI and volume for signs of short-term exhaustion or breakout confirmation.

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