MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 14-10-2016
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 Aluminum is now trading in overbought level. The Aluminium is now trading in overbought level. The oscillator is showing BUY signal For short term Aluminum is in HOLD LONG position and closed above 1 month high with volume signals up breakout.Positionally Support for the Aluminum is 112-111-109-108-. Immediate resistance for Aluminum is 113
Short term and Intraday Level of ALUMINIUM
Aluminium closed above 1 week high with volume signals up breakoutCurrently Aluminium is in HOLD LONG position Aluminium is in sideways and sellers was at high so for short term better buy above 113.7 or hold with stop at 111.0 The next resistance will be at 112.9 The Aluminium is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 113.7 with a stop at 112.2 Below 111.8 go for sell and put stop at 113.3.