Tomorrows open will be crucial
Either it goes up from here so only buy above last candles high
It will find support at 375.20 i.e previous resistance level or around 362-360 levels and then go up
Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together.
172.55-172.7 is a key Level (for today)
Close below or either this will give a good move towards that direction
Tgts will be the S1 or R1 basis shorting or long respectively.
As of now its more of a shorting opportunity - awaitng candle close
Short around: 176.2 (wait for 15 min candle to close completely below 176.25)
Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
Om Namah Shivay
Aluminum on higher timeframe is going through corrective patterns, from larger degree view. (We have less data on tradingview platform) On this chart we are seeing an Impulse as per existing market structure. The leg 4 looks done and the short correction from 3 to 4 looks done. If counting is proper, the view is towards upside to 11021. The...
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