Sell Aluminium Below 229 Sl Above 230 TGT 227.50/227 - Axis Securities
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Zinc
MCX Zinc price has given negative breakout from rising trend line channel, price is expected to trade 9 negatively. Sustaining below 254.50 would drag the price lower towards 252/251 levels intraday. The price has started trading below 9,21&60 hourly EMA which is a bearish sign for the prices.
SELL ZINC BELOW 254.50 SL ABOVE 256 TGT 252/251
Aluminium
MCX Aluminium price is trading near the support level, price is expected to trade negatively. Any breakdown below 229 would drag the price lower 232 towards 227.50/227 levels intraday. The momentum indicator RSI is r 230-20 trading at 34 it is forming lower lows hich is a bearish sign for the prices.
SELL ALUMINIUM BELOW 229 SL ABOVE 230 TGT 227.50/227
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