October 26, 2016


MTECHTIPS MCX Aluminum is in perfect uptrend .Currently Aluminum is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higher levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Position ally Support for the Aluminum is 109-108-107-106-. Immediate resistance for Aluminum is 111

Short term and Intraday Level of ALUMINIUM


Currently Aluminum is in HOLD LONG position Aluminum has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 112 with stop at 107.9 The Aluminum is now trading in highly overbought level. The oscillator is showing SELL signal

Intraday Trend- Buy is advised only above 112 with a stop at 110.4 Below 110 go for sell and put stop at 111.6





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