Aluminium is in long- term bull phase .Currently Aluminium is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Aluminium is in SELL position.Positionally Support for the Aluminium is 111-.Resistance for the Aluminium is 113-115-
Short term and Intraday Level of ALUMINIUM
Currently Aluminium is in HOLD LONG position Aluminium is in profit booking mode so hold with stop at 111 The Aluminium is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 112.9 with a stop at 111.3 Below 111 go for sell and put stop at 112.6
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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