Aluminum Long ?We can see a uptrend in aluminum as per my analysis we can buy aluminum in future at current price with the stop loss of 200 and we can see good target of 210, 215 and 220 in upcoming days.
In this chart we can see clearly shifty of lower lows on upwards which is showing uptrend.
Thanks
Aluminium
ALUMINUM_LONGAluminum is taking weekly support with RSI reversal. As per technical analysis and expectation in world economy recovery strong demand can come from CHINA . Nearest Gann level is 196-192.52.
Stop loss can be kept at 195.7-195 in MCX and weekly basis AL can touch 205 -215 in one month.
I am not recommending any trade idea through this levels i try to make available some learning purpose ideas here. Please connect your registered advisor for trading.
Head & Shoulders bottom in Aluminium FuturesAluminium 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 follow through on bullish price action along with the base metal.
📊 Aluminium Break out 🎯MCX:ALUMINIUM1!
Everything mentioned chart ones get breakout, one can enter as per their trade setup. Target already mentioned and that is trailing basis, stop loss recent swing low.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
EWT Says: MCX Aluminium Will Come at 162 LevelAccording to EWT, the 5th wave has been almost completed. The ABC correction will start soon. As mentioned in the chart, MCX aluminium will start collapsing for the target price of 176 - 172 - 168 - 162 soon.
At present, if we see for intraday traders, then it's upward. Aluminium will touch 184 - 186 levels, and then ABC correction will start.
Aluminium Is Close To Something BigWhy now might be a good time to buy aluminium...
According to this chart, MCX Aluminium can fly from here if it does not close below 176.4 levels.
Targets: 178.6 - 179.6
Short-term targets: 180 - 181.6+
But, if it closes below 176.4 levels, then this call will deactivate. And it will start collapsing for the levels of 174 - 172 from there.
Aluminium - ADX & Fib Retracement Reverse signals & analysisAt 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.
gold setup important level and Shayari !gold currently in a visible uptrend , with support range in 1700 /1689
while hurdle at current level
if current level hold
a sharp upmove cant be denied of 50 /60 $ in gold while downtrend will begin in short duration if breaks 1700 on downside
trade accordingly