MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 04-04-2017
MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 04-04-2017
MTECHTIPS Mcx Aluminium is in long- medium- short-medium- short- term bull phase .Currently Aluminium is in strong uptrend with good momentum 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 oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Aluminium is 125-123-122-. Immediate resistance for Aluminium is 129
Short term and Intraday Level of ALUMINIUM
Currently Aluminium is in HOLD LONG position Aluminium is in profit booking mode so either sell of or keep stop at126 so better sell and enter at lower level The Aluminium is now trading is approaching overbought level. The oscillator is on SELL signal and Aluminium is coming down from overbought level
Intraday Trend- Buy is advised above 127.4 with a stop at 125.6 Below 125.2 go for sell
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