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MARKET OUTLOOKNATIONALUMSTOCK OUTLOOK

National Aluminium Outlook for the Week (July 31, 2023 – August 04, 2023)

National Aluminium Weekly Outlook and Analysis:

For the Week: (July 31, 2023 – August 04, 2023)

National Aluminium closed the previous week on a negative note losing 4.88%

Technically, National Aluminium share price will see immediate support at 92.55 and immediate resistance would be seen at 97.25

If National Aluminium share price closes below immediate support of 92.55, then sharp breakdown can be seen. National Aluminium share price will see major support at 89.75 for the week.

On the positive side, immediate resistance will be seen at 97.25. Closing above 97.25, National Aluminium share price will see a sharp breakout. Major resistance for National Aluminium share price will be seen at 99.15 for the week.

Trading range for National Aluminium share price for this week should be between 87.85 on down side and 101.95 on up side.

National Aluminium Previous Week High: 96.35

National Aluminium Previous Week Low: 91.65

National Aluminium Previous Week Range: 4.7 Points

National Aluminium share price support and resistance for the week (July 31, 2023 – August 04, 2023)

Level Type Value
Resistance 3 101.95
Resistance 2 99.15
Resistance 1 97.25
Support 1 92.55
Support 2 89.75
Support 3 87.85

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