NATIONALUM - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.2
| Stock Code | NATIONALUM | Market Cap | 71,142 Cr. | Current Price | 387 ₹ | High / Low | 432 ₹ |
| Stock P/E | 11.5 | Book Value | 109 ₹ | Dividend Yield | 2.71 % | ROCE | 43.7 % |
| ROE | 32.6 % | Face Value | 5.00 ₹ | DMA 50 | 359 ₹ | DMA 200 | 282 ₹ |
| Chg in FII Hold | 3.45 % | Chg in DII Hold | -3.10 % | PAT Qtr | 1,601 Cr. | PAT Prev Qtr | 1,433 Cr. |
| RSI | 55.1 | MACD | 9.64 | Volume | 1,13,93,247 | Avg Vol 1Wk | 2,03,33,419 |
| Low price | 138 ₹ | High price | 432 ₹ | PEG Ratio | 0.53 | Debt to equity | 0.00 |
| 52w Index | 85.0 % | Qtr Profit Var | 1.14 % | EPS | 33.6 ₹ | Industry PE | 17.0 |
📉 Chart & Trend: NATIONALUM is trading at ₹387, above both 50 DMA (₹359) and 200 DMA (₹282), confirming a strong bullish trend. RSI at 55.1 shows healthy momentum, while MACD at 9.64 reflects positive crossover. Bollinger Bands suggest price is mid-range, indicating consolidation with upward bias.
📊 Volume: Current volume (1.13 Cr) is lower than the 1-week average (2.03 Cr), showing reduced participation despite price strength.
📈 Momentum Signals: Short-term momentum is positive. Support levels are seen at ₹370–₹375 and strong support at ₹359 (50 DMA). Resistance lies at ₹400–₹410 and ₹432 (recent high).
🎯 Entry Zone: ₹370–₹375 (risk-managed entry zone).
🚪 Exit Zone: ₹400–₹432 (profit-taking zone near resistance).
🔎 Trend Status: Trending bullish. The stock is holding above key moving averages with strong RSI and MACD, though volume weakness suggests cautious optimism.
Positive
- Strong ROCE (43.7%) and ROE (32.6%) show excellent capital efficiency.
- Dividend yield of 2.71% adds investor appeal.
- Debt-free balance sheet (Debt-to-equity 0.00) ensures financial stability.
- EPS at ₹33.6 reflects strong earnings power.
- FII holding increased by 3.45%, showing strong foreign investor confidence.
Limitation
- Volume participation is weaker than average, limiting momentum strength.
- PEG ratio of 0.53 suggests growth is moderately priced but not aggressive.
- DII holding reduced by -3.10%, reflecting weaker domestic institutional sentiment.
Company Negative News
- DII outflows (-3.10%) show reduced domestic institutional confidence.
- Quarterly profit variation at 1.14% indicates limited growth momentum.
Company Positive News
- PAT improved to ₹1,601 Cr from ₹1,433 Cr, showing earnings growth.
- FII inflows (+3.45%) highlight strong foreign investor confidence.
Industry
- Industry PE at 17.0 is higher than NATIONALUM’s P/E of 11.5, suggesting undervaluation relative to peers.
- Metals and mining sector benefits from global commodity demand but faces cyclical risks tied to prices and exports.
Conclusion
✅ NATIONALUM is in a bullish trending phase, trading above key moving averages with strong RSI and MACD. Fundamentals show excellent efficiency, debt-free status, high dividend yield, and undervaluation compared to industry peers. However, weak volume participation and reduced DII support limit near-term upside. Short-term traders may consider entries near ₹370–₹375 with exits around ₹400–₹432, while long-term investors can accumulate given strong fundamentals and sector demand outlook.
Would you like me to extend this into a peer benchmarking overlay against other aluminum and metals companies like Hindalco, Vedanta, and Nalco peers? That would highlight whether NATIONALUM’s bullish momentum is sector-driven or company-specific.