MCX Aluminum April 2018: Rise Continues 19 Apr 2018 10:41 am   0 Comments  |   Post Comment  |  Font Size A A A  Report for Date: 19/04/2018 MCX Aluminum April 2018: Rise Continues ` MCX Aluminum (Price figures below are in Rs/INR per Kg) Traders long and holding the same can maintain the stop loss at 158. Higher range for the day can be 172.7-183.90 Support will be at 165.4-161.50. The C1 chart shows the highest ever price since the listing on MCX. The earlier peak was at 151.45 in May 2006. A historical breakout for Aluminum price has been witnessed which can take the price higher to 207 in time to come with volatility. The daily chart momentum will sustain as long as swing top is not formed. TREND INFORMATION WITH INTRA-DAY LEVELS CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 168.75 148.95 UP 133.00 6.04 150.3 161.5 165.4 172.7 183.9 *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 168.75 6.0 180030000 5.1 8035 0.1 Positive Addition Long TECHINCAL INDICATORS TABLE RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS 84.64 5.93 93.50 11.29 5.82 32.03 91.57 5.02 Note: UP Green= Shows Up Trend as Close > DRV (Pink Line), DN Red= Shows Down Trend as Close < DRV(Pink Line), Red Color Bar= Down Trend + Bandwidth Is Rising, Green Color Bars= Up Trend + Bandwidth Is Rising, Blue Color Bars= Sideways(Trend could be up or down + Bandwidth is falling), Pink Color line= DRV, V marked= Increase in Volume in relation to last few days. 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. Bandwidth Indicator= Helps to determine directional speed in the direction of the trend. Falling Bandwidth would indicates loss of momentum being witnessed or likely to be witnessed. Sideways movement may emerge or upside or downside could be locked until Bandwidth does not turn up. Rising Bandwidth can bring about directional momentum. Disclaimer: There is risk of loss in trading in derivatives and the report is not to be construed as investment advice. The information provided in this report is intended solely for informative purposes. The author, directors and other employees of CC Commodity Info Services cannot be held responsible for the accuracy of the information presented herein or for the results of the positions taken based on the opinions expressed above. View Full Image Read Disclaimer   Rate this story Rated 0.0    Post comment Comment : Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy. Name :   Email :       Post Comment		Latest TechAnalysis Report Mentha Oil (Apr 24) Bearish Trend / Sell on Rise / Key... Guar Seed (May 24) Bullish Trend / Buy at CMP / Key Su... Guar Gum (May 24) Bullish Trend / Buy on Dips / Key Su... Guar Gum (May 24) Bullish Trend / Buy on Dips / Key Su... Mentha Oil (Apr 24) Bearish Trend / Sell on Rise / Key... more Top 5 News Cotton Candy (May 24) Bearish Trend / Sell on Rise / K... Mentha Oil (Apr 24) Bearish Trend / Sell on Rise / Key... Base Metals Zinc (May 24) Bullish Trend / Buy on Dips... Base Metals Lead (May 24) Bullish Trend / Buy at CMP ... Base Metals Copper (May 24) Bullish Trend / Buy at CM... Top 5 Special Reports Black Matpe Polished (AP) Consolidating Above Key Supp... Black Matpe Unpolished (AP) Consolidating in an Uptren... Akola Pigeon Pea (Tur) Desi Bilty Trending Higher / Ne... Castor Oil (Kadi) Weak Price Trend / Next Support at R... Mumbai Masur Canada Crimson Container Weak Price Trend...