MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 31-01-2017

MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 31-01-2017
MTECHTIPS Mcx aluminium hit all tgt now time for deep correction
Mcx aluminium this week closed with loss at 124.05. Mcx aluminium hit bullish and supper bullish positional target of month of January. They were 118-121-123 and 126. Now started correction and will head towards 123-121 and 118 levels. From long term view, aluminium its 2017 first target of 126 rupee and now correcting towards support of 112 rupee. Aluminium is in long- medium- short-medium- term bull phase .Currently Aluminium is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .. The Aluminium is now trading in overbought level. The Aluminium is now trading in overbought level. The oscillator is showing SELL signal For short term Aluminium is in HOLD LONG position.Positionally Support for the Aluminium is 120-119-117-115-.Resistance for the Aluminium is 123-124-
Short term and Intraday Level of ALUMINIUM

Currently Aluminium is in HOLD SHORT position Aluminium has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below120.7 Buy if above 128.25 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 123.7 with a stop at 121.3 Below 120.7 go for sell
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