MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 29-08-2018

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MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 29-08-2018

MTECHTIPS  Aluminium is showing some up move after small correction and trend is strong and 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 LONG position and closed above 1 month high with volume signals up breakout.Positionally Support for the Aluminium is 146-143-142-.Resistance for the Aluminium is 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 151 with stop at 142.3 The Aluminium is now trading is approaching overbought level. The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 151 with a stop at 147.1 Below 146.1 go for sell and put stop at 149.9

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