MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 05-12-2018

MTECHTIPS MCX ALUMINIUM INTRADAY trading tips  05-12-2018

MTECHTIPS  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 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 Support for the Aluminium is 137-.Resistance for the Aluminium is 141-146-147- Short term and Intraday Level of ALUMINIUM Currently Aluminium is in HOLD LONG position Aluminium has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 141.8 with stop at 134.7 The oscillator is showing BUY signal  Intraday Trend- Buy is advised only above 141.8 with a stop at 138.4 Below 137.5 go for sell and put stop at 140.9

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