November 19, 2017

MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 02-02-2017

MTECHTIPS  Mcx Aluminium is in long- medium- short-medium- 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 .. The oscillator is on SELL signal and Aluminium is coming down from overbought level For short term Aluminium is in HOLD SHORT position.Positionally Support for the Aluminium is 120-119-118-116-.Resistance for the Aluminium is 123-124-

Short term and Intraday Level of ALUMINIUM

 

Currently Aluminium is in HOLD SHORT position The Aluminium is in downtrend For short term buy only if close above 124.0 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 124.25 but caution- close Below low5 fresh selling can occur The Aluminium is now trading in highly oversold level. The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 123.5 with a stop at 121.4 Below 120.9 go for sell

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