National Aluminium (NALCO) – Momentum Revival Continues

has witnessed a sharp up-move, breaking out of a multi-month consolidation range on strong weekly volumes. The stock is seeing renewed interest as metal prices stabilize and PSU metal stocks regain favor. Key Observations: Strong weekly breakout above long-term resistance Rising volumes indicate fresh accumulation RSI in bullish zone, reflecting improving momentum Structure supports continuation of the broader uptrend Price action shows strength relative to past rallies Fundamental Triggers Supporting the Move: Stabilisation in aluminium prices globally Strong balance sheet and dividend yield appeal Expectations of improved realizations and cost discipline PSU metal stocks gaining traction amid sector rotation Outlook: The breakout suggests a shift in long-term sentiment. While short-term pauses are possible after a sharp rally, the structure favors buy-on-dips as long as the stock sustains above its breakout levels.