MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 12-02-2019
MTECHTIPS Aluminium is bearish for medium-long term .Currently Aluminium is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Aluminium is in HOLD LONG position.Positionally Immediate support for Aluminium is 131.Resistance for the Aluminium is 134-135-136-137-141- Short term and Intraday Level of ALUMINIUM Currently Aluminium is in HOLD SHORT position The Aluminium was in downtrend but yesterday market closed in confusion so book short if any or hold with tight stop at 135.0 If trades and sustain above 133.75 it is a covering signal The oscillator is showing SELL signal Intraday Trend-The Aluminium closed in a confusion manner So sell for intraday Only below 132.3 with a stop at 134.1 If opens above 134.1 or trade above 134.5 go for buy with stop at 132.7
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