MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 17-11-2016
MTECHTIPS MCX Aluminium is in long- medium- short-medium- term bull phase .Currently Aluminium is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .. The Aluminium is now trading in overbought level. The Aluminium is now trading in overbought level. The oscillator is showing SELL signal For short term Aluminium is in HOLD LONG position.Positionally Support for the Aluminium is 113-111-110-.Resistance for the Aluminium is 116-
Short term and Intraday Level of ALUMINIUM
Currently Aluminium is in HOLD SHORT position Aluminium has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below114.1 Buy if above 120.7 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 116.8 with a stop at 114.7 Below 114.1 go for sell.