National Aluminium — Strong Momentum in Metals ⚙️

(NALCO) gained 1.45% to ₹273.2, continuing its impressive uptrend with metals extending their sector-wide strength. The stock has maintained higher-highs formation supported by volume and steady RSI momentum. Technical View: Price sustained comfortably above the 9-EMA (₹264.8). RSI (14) at 72.6 — slightly overbought but shows strong trend continuation. Minor resistance at ₹275–₹280; support near ₹262. Bias: Bullish; breakout continuation likely if price sustains above ₹275. Fundamental View: Rising aluminium prices on global exchanges boosting realizations. Improved operational efficiencies and strong export demand supporting margins. Government’s focus on infrastructure spending is a structural tailwind. Outlook: NALCO remains in an upward trajectory. Sustaining above ₹270 could open the next leg toward ₹285–₹290 in the near term.