January 23, 2017

MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 12-01-2017

MTECHTIPS  Mcx Aluminium is in perfect uptrend .Currently Aluminium is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing BUY signal For short term Aluminium is in HOLD LONG position.Positionally Support for the Aluminium is 117-116-115-113-. Immediate resistance for Aluminium is 120

Short term and Intraday Level of ALUMINIUM

 

Currently Aluminium is in HOLD LONG position In short term Aluminium is in strong up trend so hold with stop at 117 The Aluminium is now trading in highly overbought level. The oscillator is showing BUY signal

Intraday Trend- Buy is advised above 120.5 with a stop at 119 Below 118.6 go for sell with a stop at 120.1

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07489294118-119

 

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