MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 17-10-2016
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 . Cautious point is buying at higer levels seems decreasing. The Aluminium is now trading in overbought level. For short term Aluminium is in HOLD LONG position.Positionally Support for the Aluminium is 109-108-.Resistance for the Aluminium is 112-
Short term and Intraday Level of ALUMINIUM
Currently Aluminium is in HOLD LONG position Aluminium is moving sideways so short term investor better to buy only above 112.95 with stop at 111.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 112.4 with a stop at 110.4 Below 109.9 go for sell.