🧱 National Aluminium – Base Built, Eyes on Breakout

1️⃣ Volatility After Steep Rise After a strong uptrend to ₹270+, the stock entered a correction phase marked by a sharp falling channel. The correction found support near ₹140, which coincides with long-term trendline support. 2️⃣ Breakout from Falling Channel The falling trendline has been decisively broken with volume. This suggests exhaustion of selling pressure and a shift in momentum. 3️⃣ Trend Reversal Zone Price is now forming higher highs and higher lows. Short-term trendline from the new base is being respected. Resistance now lies around ₹200–₹210; a breakout can push price towards ₹230+. 4️⃣ Key Levels Support: ₹167.79 / ₹181.66 Resistance: ₹200 / ₹210 zone Weekly structure supports continued strength if ₹180 is protected on pullbacks. 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. I may or may not be holding a position in the stock mentioned. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing.