Aluminum metal seems in selling zone. Traders can go for short with the stop loss of 162. The Targets seem 161/159.50.
Disclaimer: I just shared my view. Please trade with your own and comfortable ideas.
As per the chart, keep your eyes on the Aluminium-bull resistance line. We may see prices at 143 - 144.6 or above soon.
This rally will stop after breaking out the resistance line . So what's next then? You can take fib levels as targets.
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Today the National Aluminium has broken out from the Ascending Triangle .
The volume is comparatively high.
The quarterly results are positive too.
Now the breakout has happened, the previous resistance will act as a support 35.00
This is a good chance
Ignore the RSI