MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 20-11-2018

MTECHTIPS MCX ALUMINIUM INTRADAY trading tips  20-11-2018

MTECHTIPS  Aluminium is bearish for medium-long term .Currently Aluminium is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Aluminium Noting point is selling at lower levels seems decreasing. 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 136.Resistance for the Aluminium is 142-143-145-146-147-148- 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 140.0 The Aluminium is now trading in highly oversold level. The oscillator is showing BUY signal  Intraday Trend- Buy is advised above 139.2 with a stop at 136.3 Below 135.5 go for sell

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