Aluminium is bearish for medium-long term .Currently Aluminium is in
strong downtrend and the trend is supported with good volume The open interest
is not increasing with trend . Noting point is selling at lower levels seems
decreasing. 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 109.Resistance for the Aluminium is 111-112-114-116-
Short
term and Intraday Level of ALUMINIUM
Currently Aluminium is in HOLD SHORT position Aluminium is moving sideways with low volatality so short term
investor better to buy if close above 112.15 close below 109.15 Sell will
happen. The oscillator is showing BUY signal
Intraday Trend-Intraday better to buy above 111.4 and Sell if below108.1
Intraday Resistance of ALUMINIUM are 110.5 : 111.2 : 115.1 : 117.3 : 120.5 : 123.7 : 126 : 128.4
Intraday Support of ALUMINIUM are 109 : 108.3 : 104.6 : 102.5 : 99.5 : 96.6 : 94.6 : 92.6
Intraday Trend-Intraday better to buy above 111.4 and Sell if below108.1
Intraday Resistance of ALUMINIUM are 110.5 : 111.2 : 115.1 : 117.3 : 120.5 : 123.7 : 126 : 128.4
Intraday Support of ALUMINIUM are 109 : 108.3 : 104.6 : 102.5 : 99.5 : 96.6 : 94.6 : 92.6
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ReplyDeleteALUMINIUM (31 DEC) TREND: CONSOLIDATE
RES 1: 108
RES 2: 109
SUPP 1: 105.50
SUPP 2: 104
STRATEGY: SELL ON HIGH
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