MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 21-11-2016
MTECHTIPS MCX Aluminium is in long- medium- short-medium- term bull phase .Currently Aluminium is moving sideways The oscillator is on SELL signal and Aluminium is coming down from overbought level .In last 1 month volatality is very less and fresh Buy can be considered in the Aluminium if it close above121 or buy with strict stop at 114. The oscillator is on SELL signal and Aluminium is coming down from overbought level For short term Aluminium is in HOLD LONG position.Positionally Support for the Aluminium is 113-112-111-110-.Resistance for the Aluminium is 116-
Short term and Intraday Level of ALUMINIUM
Currently Aluminium is in HOLD SHORT position The Aluminium is in downtrend For short term buy only if close above 116.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 116.3 with a stop at 114.8 Below 114.4 go for sell and put stop at 115.9.