Aluminium is in long- term bull phase .Currently Aluminium is in downtrend but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Aluminium is in HOLD LONG position.Positionally Support for the Aluminium is 111-.Resistance for the Aluminium is 114-115-
Short term and Intraday Level of ALUMINIUM
Currently Aluminium is in HOLD LONG position Aluminium is moving sideways so short term investor better to buy only above 115.65 with stop at 109.55 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 113 with a stop at 111.3 Below 110.9 go for sell
Intraday Resistance of ALUMINIUM are 112.7 : 113.4 : 117.3 : 119.6 : 122.8 : 126 : 128.4 : 130.8
Intraday Support of ALUMINIUM are 111.2 : 110.5 : 106.7 : 104.6 : 101.6 : 98.7 : 96.6 : 94.6
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