MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 20-01-2017

MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 20-01-2017
MTECHTIPS Mcx Aluminium is in perfect uptrend .Currently Aluminium is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Aluminium is 121-119-118-116-114-. Immediate resistance for Aluminium is 126
Short term and Intraday Level of ALUMINIUM

Currently Aluminium is in HOLD LONG position Aluminium is in sideways and sellers was at high so for short term better buy above 126.2 or hold with stop at 120.65 The next resistance will be at 124.9 The Aluminium is now trading is approaching overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 126.2 with a stop at 123.2 Below 122.4 go for sell and put stop at 125.4
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