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At present, MCX aluminium playing on support trendline and drilling upward. Its volume is spiking 2X compares to average volume . Each spike is turning the existing trend. And moving average has tried to cross 50 MA with 20 MA but failed. That indicates continue uptrend ahead.
According to ADX & Fib retracement, the bullish trend will start after a crossover ADX value of 25 until intraday traders can keep selling Aluminium for the targets of 150.6 - 149.6.
What happens after ADX > 25?
Aluminium will start moving upside for 154 - 156.6 - 160+ levels.
According to ADX & Fib retracement, the bullish trend will start after a crossover ADX value of 25 until intraday traders can keep selling Aluminium for the targets of 150.6 - 149.6.
What happens after ADX > 25?
Aluminium will start moving upside for 154 - 156.6 - 160+ levels.
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