MCX Aluminium price has traded in range bound movement on Monday session. On the daily chart, price has been hovering below Rising Channel breakdown, which indicates bearish sentiments in the counter. Moreover, price has sustained below 21 DEMA, which suggest downward move for near term. Furthermore, a momentum indicator RSI (14) and MACD has shown negative crossover on the daily chart. So based on the above technical structure, we expect bearish move in the prices.


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