NALCO continues to trade in a well-defined bullish structure, respecting an ascending trendline with consistent higher highs and higher lows — clear sign of buyer dominance.
Zone Analysis:
Price is currently reacting near a key supply/resistance zone (~440–445)
Immediate Buy Zone around 430 acting as support
Stronger base visible near 410 zone
Momentum (RSI Insight):
RSI is near the overbought region (~70), reflecting strong momentum
A mild bearish divergence is forming → indicating possible slowdown, not necessarily reversal
Market Behavior to Watch:
Price action near supply will decide the next move
Either acceptance above resistance or reaction leading to a pullback into Buy Zone
Trading Perspective:
Trend remains bullish until key support holds
Avoid chasing at resistance; better decisions come near value zones
Let price confirm before taking directional bias
Strong trends often pause at supply before continuation — patience is where edge is built.
#TechnicalAnalysis #PriceAction #SwingTrading #StockMarketIndia #NALCO #RSI #TrendFollowing #Tradewithsahil
Zone Analysis:
Price is currently reacting near a key supply/resistance zone (~440–445)
Immediate Buy Zone around 430 acting as support
Stronger base visible near 410 zone
Momentum (RSI Insight):
RSI is near the overbought region (~70), reflecting strong momentum
A mild bearish divergence is forming → indicating possible slowdown, not necessarily reversal
Market Behavior to Watch:
Price action near supply will decide the next move
Either acceptance above resistance or reaction leading to a pullback into Buy Zone
Trading Perspective:
Trend remains bullish until key support holds
Avoid chasing at resistance; better decisions come near value zones
Let price confirm before taking directional bias
Strong trends often pause at supply before continuation — patience is where edge is built.
#TechnicalAnalysis #PriceAction #SwingTrading #StockMarketIndia #NALCO #RSI #TrendFollowing #Tradewithsahil
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