SUNDAY
WEEKLY UPDATE
Mcx Aluminum last week moved from 125 levels to 127.5 and then dropped to close at 125.5 levels,
chart formation is like double top and we expect correction in the commodity up to 123 – 121 levels,
sell on rises is advisable with strong resistance above 127.5 levels,
immediate supports for the commodity is at 124.5 – 123.8 – 123 levels.
Weekly Call :
Sell Mcx Aluminum on rises between 125.8 – 126.25
with SL above 127.5
for target 123.
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