Report for Date: 14/01/2019 MCX Aluminum (Price figures below are in Rs/INR per Kg) Exit long on rise from 128.8 or above. Expect lower range of 127.9-125.4 to be tested. Sideways movement with volatility to continue in near term. TREND INFORMATION WITH INTRA-DAY LEVELS
CLOSE
DRV
TREND*
Trend
Price
Trend
Date
L1
L2
CP
L3
L4
128.8
128.1
UP
129
3.01
125.4
127.9
129.4
130.3
132.8
*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. PRICE, VOLUME AND OPEN INTEREST STRATEGY
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