MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 02-12-2016
MTECHTIPS MCX Aluminium is in long- medium- term bull phase .Currently Aluminium is moving sideways The oscillator is showing SELL signal .In last 1 month volatality is very less and fresh Buy can be considered in the Aluminium if it close above123 or buy with strict stop at 114. The oscillator is showing SELL signal For short term Aluminium is in HOLD LONG position.Positionally Support for the Aluminium is 114-112-111-.Resistance for the Aluminium is 118-119-
Short term and Intraday Level of ALUMINIUM
Currently Aluminium is in HOLD SHORT position Aluminium is in sideways so for short term better buy above 122.5 with stop at 116.7 The Aluminium is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 118.8 with a stop at 116.6 Below 116 go for sell.