NATIONALUM correction

20 ביולי 2021

NATIONALUM has been following the trendline starting Nov'20 pretty well. Currently, I feel it has overextended itself because of its June rally. We can see the intersection of Fibonacci retrenchment (0.236) and the said trendline at around Rs. 75 mark. I feel that NATIONALUM will continue to fall till Aug first week before carrying on.