MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 04-10-2016
MTECHTIPS MCX Aluminium is in perfect uptrend .Currently Aluminium is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Aluminium is 109-108-107-. Immediate resistance for Aluminium is 112
Short term and Intraday Level of ALUMINIUM
Currently Aluminium is in HOLD LONG position In short term Aluminium is in strong up trend so hold with stop at 110 The Aluminium is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 112.6 with a stop at 110.4 Below 109.9 go for sell with a stop at 112.1.