Sunday, 23 February 2014

ALUMINIUM TREND FOR TODAY- 24-Feb-2014

Aluminium is bearish for medium-long term .Currently Aluminium is in strong uptrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Aluminium is 106-.Resistance for the Aluminium is 108-109-
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 108.7 with stop at 104.6 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 108.2 with a stop at 106.9 Below 106.6 go for sell
Intraday Resistance of ALUMINIUM are 108 : 108.5 : 112.6 : 114.9 : 118 : 121.2 : 123.5 : 125.8
Intraday Support of ALUMINIUM are 106.8 : 106.3 : 102.3 : 100.2 : 97.3 : 94.4 : 92.4 : 90.4
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2 comments :

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  2. Buy aluminum around Rs 106 to Rs 108 and 109 can be targeted. But the price should go down to Rs 105, then cut the deficit to get out of the deal.
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