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
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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ReplyDeleteBuy 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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