Aluminium ShortShort around: 176.2 (wait for 15 min candle to close completely below 176.25)
SL: 176.65
TGT: 174.3
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.
Aluminum
Aluminum short view from EW analysisOm 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 counting will be invalid if movement going below 10515.
This is for educational purpose only. No trading view is provided.
Om Namah Shivay
Is Aluminium On the Way Up Now?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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Ascending Triangle On National Aluminium.Today the National Aluminium has broken out from the Ascending Triangle .
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The volume is comparatively high.
The quarterly results are positive too.
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Now the breakout has happened, the previous resistance will act as a support 35.00
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This is a good chance
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Ignore the RSI