MCX Aluminum December: Further Rise Is Above 119.25 ClosingMCX Aluminum (Price figures below are in Rs/INR per Kg)
Traders long can keep the stop loss at 116.50.
Exit long on rise to 117.9-118.7-120.8 as the opportunity arises.
Check at the time of closing, if prices are above 119.25 and above the open of the day then buy with low of the day stop loss or 117.4 whichever is lower at closing time.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend Price
Trend Date
L1
L2
CP
L3
L4
Hold Long
117.4
117.2
UP
117
21.11
114.5
116.6
117.9
118.7
120.8
*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.
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