After a long consolidation aluminium tried to breakout the consolidation pattern upside but failed to sustain the bullish run then we saw a hug downtrend in the prices of aluminium, now we are again in the consolidation zone since a couple of days, around the supporting trend line of price action if it sustains above the below trend line then aluminium looks good positional buy for a target of 2965 with a SL of  2600 

The ADX line is indicating exhaustion in the previous bear trend ,

RSI is pointing upwards and indicating a rating of  36-37 which indicates that bulls can take control from here 

ALUMINIUM

Nov 03 2021