BREAKOUT AT STOCK PRICE OF

NATIONALUM

As we have discussed earlier, the stock price of

has given its closing price about the important resistance level of 151 on the daily chart, and RSI has also moved outside the oversold zone, and currently it is at 34.5. RSI 0 to 30 oversold zone and 70 to 100 overbought zone The price now may move towards the 20 exponential moving average, which is currently at 163.88 Currently, the stock price is trading at 152.8 Now, if the share price touches the level of 151, it will act as an important support level Once the share price breaks out of the resistance level and closes above it. it becomes support level As the support and resistance are interchangeable Resistance: pressure to sell is greater than pressure to buy. Support: pressure to buy is greater than pressure to sell