Aluminium is
bearish for medium-long term .Currently Aluminium is in strong downtrend but
volume is unsatisfactory The open interest is not increasing with trend . In
last few days volume based selling happened in the Aluminium. The oscillator is
showing SELL signal For short term Aluminium is in SELL position.Positionally Immediate support for Aluminium is
104.Resistance for the Aluminium is 107-108-109-110-
Short term and Intraday Level of
ALUMINIUM
Currently
Aluminium is in HOLD SHORT position The Aluminium was in
downtrend but yesterday market closed in confusion so book short if any or hold
with tight stop at 106.0 If trades and sustain above 104.95 it is a covering
signal The Aluminium is now trading in highly oversold level. The oscillator is
showing SELL signal
Intraday Trend-The Aluminium closed in a confusion manner So sell for intraday Only below 103 with a stop at 104.7 If opens above 104.7 or trade above 105.1 go for buy with stop at 103.4
Intraday Resistance of ALUMINIUM are 104.8 : 105.5 : 109.2 : 111.4 : 114.5 : 117.6 : 119.9 : 122.2
Intraday Support of ALUMINIUM are 103.3 : 102.6 : 99 : 97 : 94.1 : 91.3 : 89.3 : 87.4
Intraday Trend-The Aluminium closed in a confusion manner So sell for intraday Only below 103 with a stop at 104.7 If opens above 104.7 or trade above 105.1 go for buy with stop at 103.4
Intraday Resistance of ALUMINIUM are 104.8 : 105.5 : 109.2 : 111.4 : 114.5 : 117.6 : 119.9 : 122.2
Intraday Support of ALUMINIUM are 103.3 : 102.6 : 99 : 97 : 94.1 : 91.3 : 89.3 : 87.4
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