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MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 26-10-2016

Tuesday, October 25, 2016 22:33
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MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 26-10-2016

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MTECHTIPS Mcx Aluminium is in long- medium- short-medium- term bull phase .Currently Aluminium is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Aluminium is in SELL position.Positionally Support for the Aluminium is 110-109-. Immediate resistance for Aluminium is 113

Short term and Intraday Level of ALUMINIUM

Aluminium closed above 1 week high with volume signals up breakoutCurrently Aluminium is in HOLD LONG position Aluminium has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 113.3 with stop at 107.15 The oscillator is showing BUY signal

Intraday Trend- Buy is advised only above 113.3 with a stop at 110.2 Below 109.3 go for sell and put stop at 112.4

WWW.MTECHTIPS.COM

07489294118-119

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