A TECHNICAL UPDATE ON NALCO LTD-25.8.2025

 

NALCO LTD

SECTOR: Aluminum & Aluminum Products.

TTM/EPS;-Rs.31.19 (+155.38%yoy)

TTM/PE:-6.11 /SECTOR PE: 16.64

BOOK VALUE:-Rs.85.17

PRICE TO BOOK VALUE:-2.24 as on 22.8.2025

DIVIDEND YIELD:-5.51%----GOOD DIVIDEND YIELD

FACE VALUE: - Rs.5/

EQUITY: - 918cr.

SHARE HOLDING PATTERN:- PROMOTER—51.28%---FII---15.06%----DII---15.76%---PUBLIC---15.15% & OTHERS---2.75%.

All-Time High: --Rs.262.99 made on 25.11.2024.

All-Time Low: --Rs.9.13 made on 1.3.1999.

Recent Low:--Rs.137.75 made on 7.4.2025. 

Open—191.10--High-192.17--Low-188.50---Close-188.87 on 22.8.2025. 

Support:186.77/185.24/184.68/183.55/179.93/176.34/173.53/168.02/167.31/163.16/149/147.15/137.75.------ 

Resistance:192/193.50/194.37/195.90/197.60/200/203.88/206.30/209/211.70/215.71/218.60/227.39/229.16/232.45/235.37/239.76/247.99/251.88/255.65/262.99. 

(Bold and underlined figures are most important) 

Technically it is shaping up well but may take time to get back on an up-momentum track again. Now it is moving in a range of 200—193---183.13---176.34 and breakout on the either side of the range will decide the further direction for it. Please note that break & sustained close below 183.13 will be an alert sign for going down further, break & sustained close below 176.34 may trigger fresh fall and can drag it down to the range of 167.31---163.16 this is a good bounce back range, but break & sustained close below 163.16 can push it down to 150.20 level and finally if it move below it and sustain on the closing basis then it could retest its recent major bottom of 137.75 or may go down further. 

Similarly, if it moves above 200 and sustain on the closing basis then it will gain strength and may move up-further and if it moves above 211.70 and sustain on the closing basis then it may extend the up move for sure and then the broad upside target could be 215---234---238(for in-between targets see the resistance table) and finally if it moves above 238 and sustain on the closing basis then it could retest its all-time high of 262.99 or may go beyond it also. 

REMARKS: In view of the above observation small quantity can be bought now and then accumulate on decline near or within the range of 183---176.34 but not below it with a strict stop loss of 173. The only reason for suggesting buying small quantity of the stock at CMP or on decline is that it is within its critical support range(mentioned above), But investors please note that those who have patience and can wait for moderate to long period of time only can try buying now or on decline, because stop loss may be  hit.    

IMPORTANT: DO NOT TRADE OR INVEST WITHOUT STOP LOSS. 

NOTE: - It is a technical assessment of the stock as of now, the technical interpretation changes with the price movement and time, therefore it has to be reviewed at regular intervals, furthermore  investors are advised to look into fundamental, financial details of the company because that too keeps on changing and last but not the least management perception for the future of the company before taking investment decision.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view. This is for educational purpose. 

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

 

Note: Price stated here are of spot market.

 

Contact me for strategic guidance to enter and exit trade.

 

Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.