MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 25-11-2016
MTECHTIPS MCX Aluminium is in perfect uptrend .Currently Aluminium is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Aluminium. For short term Aluminium is in HOLD LONG position.Positionally Support for the Aluminium is 118-117-115-113-111-. Immediate resistance for Aluminium is 123
Short term and Intraday Level of ALUMINIUM
Currently Aluminium is in HOLD LONG position In short term Aluminium is in strong up trend so hold with stop at 119 The Aluminium is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 122.9 with a stop at 119.9 Below 119.1 go for sell with stop at 122.