NATIONAL ALUMINIUM BEARISH DIVERGENCE TGT 154-132
National Aluminum is an interesting chart showing signs of negative RSI divergence on weekly charts
Price in case of fall can fetch neckline of BAT pattern i.e. 132 Positionally and 154 being immediate 20 SMA Weekly support
Pattern fails if closes above 198
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Price in case of fall can fetch neckline of BAT pattern i.e. 132 Positionally and 154 being immediate 20 SMA Weekly support
Pattern fails if closes above 198
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.