MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 09-08-2018

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MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 09-08-2018

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 . Cautious point is buying at higer levels seems decreasing. The oscillator is showing SELL signal For short term Aluminium is in HOLD SHORT position and closed above 3 week high with volume signals up breakout.Positionally Support for the Aluminium is 141-140-.Resistance for the Aluminium is 147-149-150- Short term and Intraday Level of ALUMINIUM Aluminium closed above 1 week high with volume signals up breakoutCurrently Aluminium is in HOLD LONG position Aluminium has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 148 with stop at 138.55 The oscillator is showing BUY signal  Intraday Trend- Buy is advised only above 148 with a stop at 142.8 Below 141.2 go for sell and put stop at 146.5

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