MCX Aluminum June 2017: Exit Long On The RiseMCX Aluminum (Price figures below are in Rs/INR per Kg)
Addition of short position has been witnessed as open interest increased with the fall and negative candle.Exit long and sell on rise from 120-120.4 with a stop loss of 121.40.
Expect lower range of 119.4-118.4 to be tested.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend Price
Trend Date
L1
L2
CP
L3
L4
Hold Short
120.0
121.8
DOWN
124
30.05
118.4
119.4
119.8
120.4
121.4
*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.
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