Aluminium is bearish for medium-long term .Currently
Aluminium is in strong downtrend with good momentum and the trend is supported
with good volume The open interest is not increasing with trend . In last few
days volume based selling happened in the Aluminium. The Aluminium is now
trading in oversold level. The Aluminium is now trading in oversold level. The
oscillator is showing BUY signal For short term Aluminium is in HOLD SHORT position.Positionally Immediate support for
Aluminium is 103.Resistance for the Aluminium is 107-109-110-111-
Short
term and Intraday Level of ALUMINIUM
Currently Aluminium is in HOLD LONG position Aluminium has crossed the 5 day high but
the trend was not strong and sellers was at high so for short term better buy
above 106 with stop at 102.8 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 106 with a stop at 103.9 Below 103.4 go for sell and put stop at 105.5
Intraday Resistance of ALUMINIUM are 105.8/106.7/109.1/112/117.1/120/125.5/131.2
Intraday Support of ALUMINIUM are 103.6/102.7/99.3/96.5/91.9/89.4/84.7/80.2
Intraday Trend- Buy is advised only above 106 with a stop at 103.9 Below 103.4 go for sell and put stop at 105.5
Intraday Resistance of ALUMINIUM are 105.8/106.7/109.1/112/117.1/120/125.5/131.2
Intraday Support of ALUMINIUM are 103.6/102.7/99.3/96.5/91.9/89.4/84.7/80.2
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