MCX Aluminium has formed a bullish hammer candlestick
pattern on the weekly charts which is quite a positive sign for the
bulls going forward. Now, 102.80 becomes a medium term support and a
bounce back till 38.2 percent to 50 percent retracement level is
expected i.e. till 108 to 109.50 levels respectively. The daily MACD has
formed a double bottom kind of a pattern and it has come well into buy
mode.
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