National Aluminium: Strong Momentum, Resistance Ahead

: Strong Momentum, Resistance Ahead Technical View: NATIONALUM has rallied to ~₹221–222 and is testing resistance near ₹225–230. Immediate support is seen around ₹210–215. RSI momentum is positive, indicating strength, but heavy call OI at 225–230 suggests the stock may consolidate before a breakout. Fundamental View: The company posted a sharp YoY rise in profits backed by firm aluminium prices and efficient operations. Balance sheet strength (almost debt-free) and global non-ferrous demand add tailwinds. Analysts remain mixed — some upgrades target ₹260+, while others caution on commodity cycle risks. Outlook: As long as it holds above ₹210, the bias remains bullish. Sustained close above ₹230 can trigger a rally toward ₹240–245, while below ₹215, it may drift to ₹205.