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MCX Aluminum January 2019: Sideways movement

11 Jan 2019 10:39 am
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Report for Date: 11/01/2019

MCX Aluminum (Price figures below are in Rs/INR per Kg)


Expect higher range of 131-132.4 to be tested.

Support will be at 128.5-124.90.

Traders can buy above 132.1 with low of the day stop loss or 128 whichever is lower.


TREND INFORMATION WITH INTRA-DAY LEVELS

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

130.1

128.0

UP

129

3.01

128.1

129.5

130.4

131.0

132.4



*Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

Last Close

Price G/L%

Volume

V -G/L%

Open Interest

OI -G/L %

Candle

Position

130.1

-0.2

32890000

-43.0

5000

-0.9

Indecisive

Unwinding


TECHINCAL INDICATORS TABLE


View Full Image

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

42.89

-1.72

72.00

-12.29

-1.85

5.76

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