* Onthe daily chart, Aluminium (July) has closed above its “Horizontal Line Formation”, which onfirms bullishness.
* Moreover, price has sustained above its “Upward Sloping Trend Line” which suggests @ an upward movement.
* Furthermore, prices have been trading above its “Parabolic SAR” which indicates control in the hands of the bulls.
* lso, momentum indicator Stochastic (6) has shown a positive crossover, which confirms positive momentum in the counter.
* Additionally, Super Trend (7,1) is in a buy signal which confirms bullish presence.
* Based on the above technical structure, we expect a bullish movement in Aluminium (July) towards the level 148 in thenear term.
Buy MCX Aluminium (July) @ 140 SL 135 TGT 148
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