Bajaj Broking’s Research Desk’s Alpha Trade recommends National Aluminium (NALCO) as a strong buy.
Recommended Range: Rs. 198-202. Target Price: Rs. 223. Stop Loss: Rs. 188. Potential Upside: 11%. Duration: 35 Days.
NALCO has broken above a falling supply line, indicating an upward movement. Positive signs of structural turnaround observed.
NALCO shows higher highs and higher lows, with ADX above 25. This signals a strong directional trend and positive bias.
The breakout is supported by strong volume, indicating significant participation at the breakout area.
Alpha Trade boasts a 94% strike rate with 15 out of 20 calls positive. Average return: 9%. NALCO is the latest addition.