Aluminium is in long- medium- short-medium- term bull phase .Currently
Aluminium is showing some down move and trend is strong momentum is also
showing strength and supported with good volume The open interest is not
increasing with trend . Caution note selling at lower levels seems decreasing.
The oscillator is on SELL signal and Aluminium is coming down from overbought
level For short term Aluminium is in SELL position.Positionally
Support for the Aluminium is 105-104-103-.Resistance for the Aluminium is 108-
Short
term and Intraday Level of ALUMINIUM
Currently
Aluminium is in HOLD
SHORT position
The Aluminium is in downtrend For short term buy only if close above 107.0
Selling pressure seems to be deceasing So Short term sellers have to take a
cautious approach.Short only below 104.95 The Aluminium is now trading in
highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 106.6 with a stop at 105 Below 104.6 go for sell and put stop at 106.2
Intraday Resistance of ALUMINIUM are 105.8 : 105.9 : 110.8 : 113 : 116.1 : 119.3 : 121.6 : 123.9
Intraday Support of ALUMINIUM are 105.4 : 105.3 : 100.5 : 98.4 : 95.6 : 92.7 : 90.7 : 88.8
Intraday Trend- Buy is advised only above 106.6 with a stop at 105 Below 104.6 go for sell and put stop at 106.2
Intraday Resistance of ALUMINIUM are 105.8 : 105.9 : 110.8 : 113 : 116.1 : 119.3 : 121.6 : 123.9
Intraday Support of ALUMINIUM are 105.4 : 105.3 : 100.5 : 98.4 : 95.6 : 92.7 : 90.7 : 88.8
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