MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 11-12-2018

MTECHTIPS MCX ALUMINIUM INTRADAY trading tips  11-12-2018

MTECHTIPS  Aluminium is bearish for medium-long term .Currently Aluminium is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Aluminium is in HOLD LONG position.Positionally Support for the Aluminium is 139-137-.Resistance for the Aluminium is 145-146- Short term and Intraday Level of ALUMINIUM Currently Aluminium is in HOLD SHORT position Aluminium is in sideways and sellers was at high so for short term better buy above 142.6 or hold with stop at 137.6 The next resistance will be at 142.25 The Aluminium is now trading is approaching overbought level. The oscillator is on SELL signal and Aluminium is coming down from overbought level Intraday Trend- Buy is advised only above 142.6 with a stop at 139.6 Below 138.7 go for sell and put stop at 141.7

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