MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 28-09-2016
MTECHTIPS MCX Aluminium is in long- medium- short-medium- short- 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 . In last few days lot of positive accumulation happened in the Aluminium Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Aluminium is in HOLD LONG position.Positionally Support for the Aluminium is 108-107-106-. Immediate resistance for Aluminium is 110
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 108 The Aluminium is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 110 with a stop at 108 Below 107.4 go for sell with stop at 109.4.