MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 22-11-2018

MTECHTIPS MCX ALUMINIUM INTRADAY trading tips  22-11-2018

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 . 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 BUY signal For short term Aluminium is in HOLD SHORT position.Positionally Immediate support for Aluminium is 136.Resistance for the Aluminium is 141-142-144-146-147-148- Short term and Intraday Level of ALUMINIUM Currently Aluminium is in HOLD SHORT position Aluminium is showing some Up momentum So buy above 139.0 with stop at 137.2 The Aluminium is now trading is approaching oversold level. The oscillator is on BUY Signal and Aluminium is recovering from oversold level Intraday Trend- Buy is advised only above 140.1 with a stop at 138.4 Below 138 go for sell and put stop at 139.7

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