MCX Aluminum November: Expect Higher Range To Be Tested

Report for Date: 27/11/15

MCX Aluminum November: Expect Higher Range To Be Tested

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

Weaker opening and correction to 99.5-98.4 is for accumulation with a stop loss of 96.40.

Expect higher range of 101.7-105 to be tested.

TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	100.55	97.40	UP	100.6	26.11	95.1	98.4	99.5	101.7	105.0

*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
100.6	4.3	63350000	119.1	4555	5.3	Positive	Addition Long

TECHINCAL INDICATORS TABLE

View Full Image

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
41.54	9.40	27.20	31.48	-1.12	4.01
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