MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 06-08-2018

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MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 06-08-2018

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 SHORT position.Positionally Immediate support for Aluminium is 138.Resistance for the Aluminium is 141-142-148-149-151- Short term and Intraday Level of ALUMINIUM Currently Aluminium is in SELL position Aluminium has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below137.7 Buy if above 143.3 The Aluminium is now trading is approaching oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised above 139.8 with a stop at 138.1 Below 137.7 go for sell

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