NATIONALUM - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.8

Here’s a detailed technical analysis of National Aluminium Company Ltd (NATIONALUM) based on the data provided

📊 Trend & Momentum Overview

Current Price (₹190) is above both 50 DMA (₹187) and 200 DMA (₹186) — indicating a mild uptrend.

RSI (49.1): Neutral zone, suggesting lack of strong momentum.

MACD (1.56): Positive, but not sharply diverging — implies gradual bullish bias.

Volume: Slightly below average, which may reflect limited conviction in the current move.

Conclusion: The stock is consolidating with a slight upward bias.

📈 Chart Patterns & Indicators

Bollinger Bands: Price likely near the middle band, indicating range-bound movement.

Support Zones

₹185–₹187: Strong support from DMA convergence

₹175: Previous swing low

Resistance Zones

₹195–₹198: Minor resistance from recent price action

₹210: Psychological resistance and previous breakdown level

🔍 Short-Term Momentum Signals

Mixed Indicators

Price above moving averages = bullish

RSI near 50 = neutral

MACD positive = mild bullish momentum

Watch for: Breakout above ₹195 with volume for trend confirmation

🎯 Optimal Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 186 – 189 Near support, above DMA levels

Target Exit 195 – 198 First resistance zone

Stop Loss 182 Below DMA and recent support

🔄 Market Phase

Status: Consolidating

Bias: Mildly bullish

Outlook: Watch for volume surge and RSI breakout above 55 for stronger upside signal

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