MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 04-08-2017

MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 04-08-2017
MTECHTIPS Mcx Aluminium is bearish for medium-long term .Currently Aluminium is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Aluminium is in SELL position.Positionally Immediate support for Aluminium is 121.Resistance for the Aluminium is 123 Short term and Intraday Level of ALUMINIUMCurrently Aluminium is in HOLD SHORT position In short term Aluminium is in strong up trend so hold with stop at 122 The Aluminium is now trading is approaching oversold level. The oscillator is on BUY Signal and Aluminium is recovering from oversold level Intraday Trend- Buy is advised above 122.3 with a stop at 121 Below 120.8 go for sell with stop at 122.1
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