National Aluminium Co. Ltd. (NALCO) – Textbook Cup Breakout! 🏆

📊 Technical View NALCO has confirmed a perfect Cup pattern breakout above the neckline near ₹222, supported by rising volumes. The measured move projects a target of ₹265–270, implying a potential upside of ~35% from the breakout zone. The rounded base formation since Feb–Aug 2025 shows strong accumulation and reversal structure. Volume expansion during the breakout confirms institutional participation. Momentum oscillators remain bullish with no negative divergence, indicating strength continuation. 📈 Fundamental View NALCO is a cash-rich PSU aluminium major benefitting from improving LME aluminium prices and softening energy costs. The company’s export share and operational leverage provide a natural hedge against domestic cyclicality. Strong dividend yield, improving EPS trajectory, and potential disinvestment buzz continue to attract investor interest. Government’s focus on metal self-reliance and infra spending adds a long-term tailwind. ✅ Conclusion: NALCO has entered a new bullish phase with breakout confirmation above ₹222. Targets: ₹265–270 Support: ₹205 Bias: Strongly Bullish