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MCX Aluminium: Bullish Trend May Extend Toward 412–447

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free mcx aluminium daily chart tips

free mcx aluminium daily chart tips

MCX Aluminium Futures Showing Strong Bullish Trend

Aluminium Futures on MCX are currently trading in a strong uptrend on the daily chart. According to Elliott Wave analysis, the market appears to be moving in a powerful bullish Wave (3), which usually represents the strongest phase of a trend.

The ongoing structure indicates that the market is currently developing smaller impulsive waves inside the larger Wave (3). Strong momentum, steady buying interest, and limited corrections are supporting the bullish outlook.

Targets: 412 – 447

Traders may consider maintaining a stop loss below the recent important support zones, as a sustained breakdown beneath these levels could weaken the current bullish Elliott Wave structure. Short-term traders may watch the 360–365 zone, while positional traders can keep a broader stop loss below the 330 level to manage risk effectively.

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