MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 19-11-2018

MTECHTIPS MCX ALUMINIUM INTRADAY trading tips  19-11-2018

MTECHTIPS  Aluminium is bearish for medium-long term .Currently Aluminium is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Aluminium. The Aluminium is now trading in oversold level. The Aluminium is now trading in oversold level. The oscillator is showing SELL signal For short term Aluminium is in HOLD SHORT position.Positionally Immediate support for Aluminium is 137.Resistance for the Aluminium is 143-144-145-146-147-148- 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 141.0 The Aluminium is now trading in highly oversold level. The oscillator is showing BUY signal  Intraday Trend- Buy is advised only above 141.2 with a stop at 138.2 Below 137.4 go for sell and put stop at 140.4

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