National Aluminium Company Ltd. Share Price

National Aluminium breaks strong support

National Aluminium Company Limited has witnessed a sharp technical breakdown, falling 4.73% to ₹321.30 and decisively slipping below the ₹330–332 support zone. The ₹330 area had acted as an important support multiple times on the daily chart. Its breakdown now changes the short-term structure from consolidation to weakness. The technical setup is clearly under pressure. The stock is trading below the 10, 20, 50, 100 and 200-day moving averages. RSI has dropped to around 29, indicating strong bearish momentum and approaching oversold territory. MACD remains negative, while ADX is around 20, suggesting that the trend is weak but could strengthen if selling continues. The bigger concern is the lack of an immediate visible support below the ₹330 zone. Based on the price structure, ₹280–285 emerges as the next major support area to watch. However, the stock may find intermediate buying interest before reaching that zone. For the bulls, reclaiming ₹330–332 would be the first sign of stabilization. A sustained move above ₹345–350 would provide stronger evidence that the breakdown was losing momentum. For now, the chart remains bearish below ₹330–332. Traders should avoid assuming that an RSI near oversold automatically means a reversal. Price confirmation remains important. Disclosure: This article represents my technical view based on the chart and is for educational purposes only. It is not a buy or sell recommendation.

Sensex, Bankex analysis for 08/10/2026 (MARKET ANALYSIS)

1. Sensex Analysis Current Level: 72,638 Short Position (Bearish Setup): Recommendation: Hold short positions as long as the index stays below 73,500. Implication: 73,500 acts as a crucial resistance level. Trend remains weak or corrective underneath this threshold. Conditional Long Position (Bullish Setup): Recommendation: Create long positions only above 73,500. Implication: A decisive move past 73,500 would signal a trend reversal or breakout, invalidating the short bias. 2. Bankex Analysis Current Level: 62,060 Short Position (Bearish Setup): Recommendation: Hold short positions as long as the index stays below 63,000. Implication: 63,000 serves as a key overhead resistance boundary. Momentum favors sellers below this mark. Conditional Long Position (Bullish Setup): Recommendation: Create long positions only above 63,000. Implication: Crossing 63,000 confirms buying strength and shifts the bias toward a bullish continuation. F&O top looser was :

Nifty, Banknifty, Finnifty analysis for 08/10/2026

1. Nifty (Current: 22,603) Trend / Bias: Short-term bearish / weak under key resistance. Key Pivot / Threshold: 22,800 Actionable Levels: Bearish / Short Bias: Maintain or hold short positions as long as the index trades below 22,800. Bullish / Long Setup: Trigger a conditional long entry only if Nifty breaks out and sustains above 22,800. 2. Bank Nifty (Current: 55,055) Trend / Bias: Under pressure / corrective bias below the overhead resistance zone. Key Pivot / Threshold: 55,400 Actionable Levels: Bearish / Short Bias: Continue to hold short setups while prices remain below 55,400. Bullish / Long Setup: Look to create long positions conditionally on a decisive move and close above 55,400. 3. Fin Nifty (Current: 24,916) Trend / Bias: Consolidating near a round psychological resistance level. Key Pivot / Threshold: 25,000 Actionable Levels: Bearish / Short Bias: Hold shorts as long as the index stays below the 25,000 threshold. Bullish / Long Setup: Switch to a long strategy only on a confirmed breakout above 25,000. F&O top looser was :

🏭 NALCO Showcases Angul Aluminium Park to Investors

National Aluminium Company Limited (NALCO), along with Odisha Industrial Infrastructure Development Corporation (IDCO), hosted an investor roadshow in Kolkata highlighting opportunities in downstream and value-added aluminium manufacturing. Key Highlights • 250+ investor and industry representatives attended • Park offers land, power, water, road connectivity & R&D facilities • NALCO to supply 50,000 tonnes of hot metal annually at a discounted rate • Focus on downstream industries, value addition and MSME growth • Angul Aluminium Park aims to build an integrated aluminium manufacturing ecosystem in Odisha Dividend Update NALCO paid ₹2,112.12 crore total dividend for FY2025–26, including ₹1,083.06 crore to the Government of India, the company’s highest-ever dividend. Strategic Impact The initiative strengthens NALCO’s focus on downstream value addition and aims to attract investments into aluminium-based manufacturing around its operations. For information purpose only. Not investment advice.

NALCO Q1: Cycle peak or structural deficit play?

National Aluminium reported Q1 profit Rs 2,002 crore (+88% YoY), revenue up 39% on record volumes and elevated prices. Management flagged cycle confidence. Market reads commodity peak and margin compression ahead. This misses the structural tailwind: global aluminium deficit persists because capacity additions lag AI/EV/renewable demand. Cost pressures create a structural floor—if deficit narrows, prices stay elevated vs pre-2024. NALCO, vertically integrated with captive power and alumina, benefits from dual tailwinds. Margins at 38% remain defensible. Stock trades at 8-9% dividend yield with PSU backing—rare in commodities. Consensus undervalues structural supports, treating Q1 as cyclical peak rather than cycle floor driven by deficit and costs. Binary: if global deficit persists through FY28, 35-38% margins hold and stock targets Rs 210-240 (+20-30%). If global supply accelerates, margins compress 25-28% and stock falls Rs 140-160 (-15-25%). Entry below Rs 165; target Rs 150 if deficit fades. Exit if Q2 volumes decline QoQ or LME aluminium falls below USD 2,400/tonne. ---DISCLOSURE--- This post is for informational and educational purposes. I do not hold [$NATIONALUM] at the time of writing. Please do your own research and consult a financial advisor before trading or investing.

National Aluminium Ltd on qulity valuation technicals