MCX ALUMINIUM is currently trading at 212.
210-215 is a good resistance zone for Aluminium as per price action and longterm charts.
Hence I'm opening short positions in MCX Aluminium Futures at CMP 212.
I will be adding more position if 215 comes & will hold with SL 218.
Targets I'm expecting are 205-202 & beyond.
Disclaimer - Do not consider this as a...
Aluminium futures on MCX have broken out from head and shoulders bottom formation. The base metal futures have also completed retracement and continuation waves. The price action is bullish and seems to be heading toward measured move target of 250.
Further, if the trade on Aluminium futures is bullish, we believe National Aluminium (NSE: NATIONALUM) should...
