Report for Date: 20/07/16 MCX Aluminum July: Correction In Progress
MCX Aluminum (Price figures below are in Rs/INR per Kg) Exit long and sell on rise from 109.8 -110.7 with a stop loss of 111.
Expect lower range of 109.1-107.40.
Buy above 111 with low of the day stop loss or 109 whichever is lower.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend
Price
Date
L1
L2
CP
L3
L4
Hold Short
109.8
110.0
DOWN
19.07
107.4
109.1
110.7
112.4
*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.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
Last Close
Price G/L%
Volume
V -G/L%
Open Interest
OI -G/L %
Candle
Position
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