Nalco - Harmonic Pattern Analysis and outlook

NATIONAL ALUMINIUM CO LTD: CMP- 183.84;

📉 Suggested Pattern:
- BAT harmonic pattern completion.
📊 Recent Price Action:
- Shares of National Aluminium Company Limited closed below the previous closing price.
- Formation of a Lower Low, reinforcing bearish sentiment.
📈 Forecast:
- Potential Downside Target: ₹166.
- Expected Consolidation Range if 166 is breached : ₹150-₹160.
🔍 Key Observations:
- The bearish trend suggests a continuation of the decline in the coming days.
- Important to monitor price action and volume dynamics for further confirmation