MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 03-11-2016
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 113-112-111-110-109-. Immediate resistance for Aluminium is 116
Short term and Intraday Level of ALUMINIUM
Currently Aluminium is in HOLD LONG position Aluminium is moving sideways so short term investor better to buy only above 116.15 with stop at 113.25 The Aluminium is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 116 with a stop at 113.9 Below 113.3 go for sell.