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Rakesh Madhav CFA

13th Dec · SEBI-Registered Analyst

📌 National Aluminium – Technical View

NATIONALUM
Trend: Medium to long-term uptrend resumed after correction. Moving Average: Price trading comfortably above 9-EMA, showing trend control by buyers. Volume: Expansion in volume during recent up-move → confirms demand. RSI: Around 73–75 → momentum strong; watch for consolidation, not immediate breakdown. Price Action: Recent breakout from consolidation range. Inference: Momentum intact; stock may consolidate before next leg higher. Bias: Bullish with consolidation risk

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