Mcx aluminium weekly-achieved 118.65 target next tgts 121.8

Mcx aluminium weekly technical forecast for 14 to 18 November 2016 Mcx aluminium weekly technical forecast for 14 to 18 November 2016 Mcx aluminium future this week closed with gain. This week aluminium prices extended again and hit record high on fresh buying.   This week mcx aluminium hit my target 118.65 and headed towards 121.8 with high of 120.7. Closed at 117.65 on strong profit booking in last session. Above 118.65 traders can expect target of 121.8. Below it more chances of correction towards major support of 113.   From long term view, mcx aluminium achieved its target of 119.3. Above this level next target will be 139. On downside 106.4 is major support and above it long term trend remain bullish.

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Pramod Baviskar

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