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CA Omkar Bhutada - SEBI Reg IA

19th Sep ยท SEBI-Registered Analyst

National Aluminium โ€“ Cup & Handle Breakout in Making โ˜•๐Ÿ“ˆ

NATIONALUM
๐Ÿ”น Technical Pattern The stock has formed a Cup & Handle pattern on the weekly chart. Breakout Zone: โ‚น215 โ€“ โ‚น220 (stock is currently retesting this zone). Volume Confirmation: Rising volumes show strong institutional interest. ๐Ÿ”น Target Projection Height of the Cup = ~โ‚น78 (220 โ€“ 142). Breakout Target = โ‚น220 + โ‚น78 โ‰ˆ โ‚น300. This implies a potential 35%+ upside from current levels. ๐Ÿ”น Support Levels Immediate support: โ‚น200. Strong support: โ‚น185. ๐Ÿ”น Sector Tailwinds Aluminium demand is booming due to EVs, renewable energy, infra push. PSU + metal re-rating theme adds momentum.

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