BUY : NATIONALUM-EQ( NATIONALUM ) [6364]

🔍 Stock: National Aluminium Company Ltd (NATIONALUM EQ)
📅 Date: 9th October 2025
🧠 By: Manjushri Sharma | Equity Guru MS
📜 SEBI Reg. No.: INH000019497

💡 Trade Setup

🔍 Technical Rationale

Price Action:
NATIONALUM has been consolidating near ₹228–₹230 levels after a sharp up-move, indicating a bullish continuation pattern. A sustained move above ₹230 signals strength and potential for short-term breakout.

Support Zone:
₹227 acts as strong intraday support, coinciding with the previous day’s VWAP and minor demand zone. This makes it a reliable stop-loss reference point.

Volume & Momentum:
Rising buy-side volume observed during the first trading hour, confirming accumulation at lower levels. Momentum oscillators (RSI, MACD) are turning positive on the 15-min timeframe.

VWAP & EMA Confirmation:
Price is holding above intraday VWAP and 20 EMA, reflecting positive bias and buying interest from traders and short-term institutions.

Chart Structure:
Stock forming a bullish flag breakout on 15-min charts, supported by volume uptick — a strong indication of continuation in upside trend.

📘 Trading Strategy

✅ Buy Zone: Near ₹230 or on sustained move above ₹230.10
🚫 Stop Loss: ₹227 (Close below this invalidates setup)
🎯 Target 1: ₹233 → Book partial gains
🎯 Target 2: ₹236 → Trail SL to ₹231.50 after T1 hit
🕒 Exit all positions by: 3:15 PM

⚠️ Important Notes

❗ Enter only after confirming price stability above ₹230 with volume support.
🔄 Avoid buying if price trades below VWAP or loses momentum post 1:00 PM.
🚫 Always maintain Stop Loss — avoid averaging on intraday trades.

🔐 Issued by:

Manjushri Sharma
📈 SEBI Registered Research Analyst
📜 Reg. No.: INH000019497
📞 6269562635 | ✉️ sharma.manjushri@gmail.com

RA Name: Manjushri Sharma

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