Sunday 19 January 2014

ALUMINIUM TREND FOR TODAY- 20-Jan-2014

Aluminium is bearish for medium-long term .Currently Aluminium is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Aluminium is in SELL position.Positionally Support for the Aluminium is 109-108-.Resistance for the Aluminium is 111-
Short term and Intraday Level of ALUMINIUM
Currently Aluminium is in HOLD LONG position Aluminium is in sideways and sellers was at high so for short term better buy above 111.8 or hold with stop at 106.05 The next resistance will be at 110.35 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 111.8 with a stop at 109.3 Below 108.6 go for sell and put stop at 111.1
Intraday Resistance of ALUMINIUM are 111.6 : 112.8 : 115.5 : 117.8 : 120.9 : 124.2 : 126.5 : 128.9
Intraday Support of ALUMINIUM are 108.8 : 107.6 : 105 : 102.9 : 100 : 97.1 : 95 : 93

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1 comments :

  1. Aluminum is in the opinion of the selling. Accordingly, selling aluminum around Rs 110 to Rs 108 and 107 can be targeted.
    commodity tips

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