Mcx aluminium weekly- hit low of 121.2 bearish target was 120.8




Mcx aluminium future weekly technical analysis report for 12 June to 16 June 2017

aluminium-1-300x160 Mcx aluminium weekly- hit low of 121.2 bearish target was 120.8

Mcx aluminium future this week closed at 122.6 with gain. After last 2 week’s strong selling we saw value buying as well as sharp short covering around 121 rupee levels. Volatility is high and expect large swing on both side in upcoming weeks. This week mcx aluminium future hit high around 122.7 and closed near it while low was at 121.2.

aluminium-2-300x159 Mcx aluminium weekly- hit low of 121.2 bearish target was 120.8

Mcx aluminium price trend below 123.8 will remain bearish and on downside 120.8 and then 117.5 are support zones as well as selling targets. Below 123.8 mcx aluminium trading strategy for June will remain sell on rise.

aluminium-3-300x160 Mcx aluminium weekly- hit low of 121.2 bearish target was 120.8

From long term view, mcx aluminum future hit its 2017 investment target of 128 and was correcting towards support of 113 rupees major support zone.




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Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.

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