MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 29-11-2018

MTECHTIPS MCX ALUMINIUM INTRADAY trading tips  29-11-2018

MTECHTIPS  Aluminium is bearish for medium-long term .Currently Aluminium is in strong downtrend with good momentum and the trend is supported with good volume 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 SELL position.Positionally Immediate support for Aluminium is 134.Resistance for the Aluminium is 139-140-142-146-147- 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 137.0 The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 137.2 with a stop at 135.4 Below 135 go for sell and put stop at 136.8

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