National aluminium multi pattern trade idea

24 sept

National Aluminium trades within a broader rising wedge pattern, marked by the red lines. A counter-trendline (solid white line) also comes into play, indicating a shorter-term resistance zone. The stock recently broke through one of the dotted hidden lines, but it's still facing resistance from the upper hidden trendline, keeping it just below a key breakout point. The formation of higher lows, highlighted by the yellow circles, signifies strength in price action and building momentum.

Today's volume surge, notably higher than average, adds weight to the bullish sentiment. However, a significant breakout could only be confirmed once the price clears the last hidden line of resistance. Watching closely for this potential move