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MCX:ALUMINIUM Share Price Discussion

MCX:ALUMINIUM

Aluminium prices climbed to the highest in nearly two months on Friday, but they were likely to run out of steam with producers on the sidelines ready to hedge, analysts said. The price of aluminium, mainly used in transport, construction and packaging, has rallied 6% over the past two week, largely fuelled by bearish investors buying back their short positions.
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Recent posts in MCX:ALUMINIUM
P
Reputation: 301 • 11 minutes ago

Type
Sell
Instrument
ALUMINIUM 31JUL20 FUT
Entry Price
₹139.3
Price@Trade
₹139.35
Target Price
₹138.1
Stop Price
₹140
Valid Till
Jul 16, 2020 11:20 AM
Margin
₹127,412.5 approx for 10000 Qty
Status
Active
Like
Reply (1)
P
Reputation: 301 • Yesterday 12:57 PM

Type
Buy
Instrument
ALUMINIUM 31JUL20 FUT
Entry Price
₹138.9
Price@Trade
₹138.85
Target Price
₹140
Stop Price
₹138
Valid Till
Jul 14, 2020 11:20 AM
Margin
₹127,362.5 approx for 10000 Qty
Status
Exited
Exit Price
₹139.1
Net P&L
+₹2,000 (+1.57%)
Like
Reply (2)
K
Reputation: 1,093 • Yesterday 11:41 AM

Type
Buy
Instrument
ALUMINIUM 31JUL20 FUT
Entry Price
₹139.8
Price@Trade
₹138.9
Target Price
₹142.8
Stop Price
₹138.7
Valid Till
Jul 31, 2020 11:20 AM
Margin
₹63,681.25 approx for 5000 Qty
Status
Waiting for entry
Like
Reply
K
Reputation: 1,093 • Yesterday 3:10 AM

Type
Sell
Instrument
ALUMINIUM 31JUL20 FUT
Entry Price
₹138.7
Price@Trade
₹139.15
Target Price
₹135.7
Stop Price
₹139.8
Valid Till
Jul 31, 2020 11:20 AM
Margin
₹63,671.88 approx for 5000 Qty
Status
Active
Like
Reply (1)

MCX:ALUMINIUM - 1018344
#ALUMINIUM #TradingUniversity : 140 to 141 : market is in consolidation - a time when markets tend to be range-bound. The silver market does not always trend upwards or downwards, it often enters periods of consolidation when the prices move 'sideways'
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