MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 23-11-2016
MTECHTIPS MCX Aluminium is in perfect uptrend .Currently Aluminium is in uptrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Aluminium is in SELL position and closed above 1 week high with volume signals up breakout.Positionally Support for the Aluminium is 117-116-114-112-111-. Immediate resistance for Aluminium is 120
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 has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 121.9 with stop at 113.8 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 121.9 with a stop at 119.2 Below 118.4 go for sell and put stop at 121.1.