Technical Stock Call : National Aluminium Company Ltd by Bharat K Gala, Ventura
National Aluminium Company Ltd –
Technical Stock Call – 29/10/2026
Sector: Metals - Aluminium & Non-Ferrous Metals (INE139A01034)
About: National Aluminium Company Ltd. traded on the NSE as NATIONALUM, is an Indian public-sector company engaged in the production of alumina and aluminium. Its operations cover bauxite mining, alumina refining, aluminium smelting and power generation, supplying aluminium for industrial and infrastructure applications.
View – Short Term Bullish
The stock commenced its downtrend from 422.20 (AUG 26).
Forming Down Gaps, the stock began trading below its key moving averages, indicating weakness in the prevailing trend. Subsequently, it continued to form lower lows & breached 200 SMA, further extending its decline & marking a low of 293 (OCT 26).
During the correction phase, the stock traded in a downward slopping channel, consolidating into a narrow range during the period AUG 26_OCT 26.
Later, the stock attracted buying interest at lower levels, commenced its up move & recently, after forming higher bottoms, the stock has given a Descending Channel Breakout on the daily chart supported by volumes with a bullish candle reaching to a high of 325.45 (OCT 26), which is higher than the previous few days high.
Stoch RSI, MACD & Williams %R indicators suggest Positive crossover.
This breakout indicates improving buying momentum and a potential shift in the short-term trend.
Target of 380 is expected with lower support levels at (317-308-299) in case of intermediate fall.
A stop loss at 293 is to be followed for the trade.
SMS subject to Disclosures and Disclaimer goo.gl/8bCMyQ
SEBI Registration No.: INH000001634
