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Showing posts with label Nalco. Show all posts
Showing posts with label Nalco. Show all posts
Friday, February 10, 2012
Thursday, November 17, 2011
Tuesday, May 31, 2011
Tuesday, February 01, 2011
Monday, November 01, 2010
Sunday, August 29, 2010
NALCO
Investors can consider booking profits in the stock of aluminium producer NALCO. An uncertain outlook for aluminium metal prices, coupled with little visible expansion in aluminium smelter capacity, might leave the company with little scope for earnings growth in a market suffering from an aluminium supply glut and possibly stagnant realisations.
Sunday, August 22, 2010
Monday, July 05, 2010
Monday, May 17, 2010
Friday, January 29, 2010
Wednesday, September 23, 2009
Thursday, August 06, 2009
Thursday, June 04, 2009
Sunday, March 01, 2009
Monday, January 05, 2009
Saturday, December 06, 2008
Friday, November 07, 2008
Tuesday, October 07, 2008
Friday, August 01, 2008
Reliance Communications, DLF, Tata Steel, Suzlon Energy, Nalco, Nestle, JSW Steel, MTNL, Titan Industries, Indian Overseas Bank, Corporation Bank
Friday, June 06, 2008
Today's Pick - NALCO
We recommend a buy in National Aluminium Company from a short-term perspective. The stock has been on a long-term uptrend from its August low of Rs 237. However, after recording an all-time high at Rs 565 in May 2008, the stock recorded a healthy pull back retracing 38 per cent fibonacci retracement level of the prior uptrend.
On June 5, the stock jumped up more than 4 per cent, taking support for the medium-term up trendline at around Rs 465. The 50-day moving average that is hovering around Rs 465 level has also provided support for the stock. The daily relative strength index is rising in the neutral region towards the bullish zone and the weekly RSI is featuring in the bullish zone.
Considering that the long and medium-term up trendline are intact, we are bullish on the stock in the short-term horizon. We expect the stock to move up until it hits our price target of Rs 555 in the upcoming trading sessions. Traders with short-term perspective can buy the stock while keeping the stop-loss at Rs 476 level.
via BL
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