📊 National Aluminium (NALCO) – Follow-Up Update

NALCO extended its bullish momentum today, gaining +1.8% to close near ₹218. The stock is holding firmly above its breakout zone (₹208–₹210), showing strong buying interest. RSI has climbed further to ~73, reflecting sustained strength though approaching overbought territory. 🔹 Key Levels: Support: ₹208–₹210 Resistance: ₹225–₹230 (immediate), above which ₹245–₹260 opens up Momentum: Strong; short-term trend remains bullish as long as price holds above ₹208 🔹 Fundamentals Intact: With robust alumina/aluminium realizations, low debt, and PSU strength, the long-term story stays positive. Infrastructure, renewables, and EV adoption continue to act as structural demand drivers. 📌 Takeaway: The stock is sustaining its breakout with strong follow-through buying. Near-term consolidation is possible given overbought RSI, but the medium-term trajectory remains upward. Investors can hold with a stop near ₹208, while traders may eye ₹225–₹230 as the next hurdle. ⚠️ Monitor global aluminium prices and coal costs for volatility impact.