Report for Date: 29/08/2016 MCX Aluminum August: Exit Long On The Rise
MCX Aluminum (Price figures below are in Rs/INR per Kg) Exit long and sell on rise from 110.5-111 with a stop loss of 111.90.
Expect lower range of 110.1-109.2 to be tested.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend
Price
Date
L1
L2
CP
L3
L4
Hold Short
110.5
110.7
DOWN
110.4
25.08
109.2
110.1
111.0
111.9
*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%
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