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Published on 21/09/2021 4:43:51 PM | Source: Axis Securities Ltd

Buy Aluminium Above 230 SL Below 228 TGT 232.50/233.50 - Axis Securities Ltd

Posted in Commodities Reports| #Commodity Tips #Axis Securities Ltd

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Aluminium

MCX Aluminium price bullish breakout from descending triangle pattern, price is expected to trade positively. Sustaining above 230 would push the price higher towards 232.50/233.50 levels in intraday. The momentum indicator RS is trading at 62 it shows bullishness in the prices.

BUY ALUMINIUM ABOVE 230 SL BELOW 228 TGT 232.50/233.50

Nickel

MCX Nickel price seen pullback after forming strong support near 1435, Price is expected to trade positively. Any breakout above 1460 would push the price higher towards 1475/1480 levels intraday. The momentum indicator RSI is trading at 47 and it is forming higher highs which is bullishness in the prices.

BUY NICKEL ABOVE 1460 SL BELOW 1450 TGT 1475/1480

 

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