Home / TIPS / MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 05-01-2017

MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 05-01-2017

MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 05-01-2017

MTECHTIPS  Mcx Aluminium is in long- term bull phase .Currently Aluminium is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Aluminium Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Aluminium is in SELL position.Positionally Support for the Aluminium is 113-.Resistance for the Aluminium is 116-117-

Short term and Intraday Level of ALUMINIUM

 

Currently Aluminium is in HOLD SHORT position Aluminium is moving sideways so short term investor better to buy only above 117.25 with stop at 114.4 The Aluminium is now trading in highly oversold level. The oscillator is showing BUY signal

Intraday Trend- Buy is advised above 115.7 with a stop at 114.5 Below 114.2 go for sell

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