MCX ALUMINIUM has formed head and shoulder pattern.

MCX ALUMINIUM

• Aluminium has formed head and shoulder pattern, fresh bull rally expecting once it closes and holds above 129.
• As per weekly chart Aluminium is finding resistance around 129. Closes and holds above 129 will favor short-long term traders.
• Once closes and holds above 129 then aluminum will find next resistance around 135 as shown in technical chart no3. Close Watch.

Power Grid moving in up channel pattern.

POWER GRID

• Stock moving in up channel pattern, bulls will be favored.
• Stock moving up from 23.6% fibonacci retracement.
• Fresh bull rally can be seen once Power Grid closes and holds above 151. Close Watch.

GIPCL trading near support, further price rise can be seen above 94.

GIPCL

• Stock trading near strong trend line support zone, bulls will be favored as long as holds above.
• Stock also moving up from 200 DMA, long-short term traders will be favored.
• Further price rise can be seen once stock closes and holds above 94.

ADANI PORT moving up from strong support zone, Further price rise can be seen above 307.

ADANI PORT

• Stock trading above long trend line support zone, short-long term traders will be favored.
• Adani port moving up from 23.6% fibonacci retracement intraday bulls will be favored as long as holds above 292.
• Futher price rise can be seen once stock closes and holds above 307.