Archive · 7 Aug 2025
Aluminium Futures Testing Resistance at ₹256
Aluminium is a metal that people buy and sell, and its price changes.
Right now, it's at ₹254 per kilogram, but it faced a hurdle at ₹256.
If it goes above ₹256, the price could go up to ₹265 or even ₹268.
If the price falls, it might find support at ₹252 or ₹250.
If it goes below ₹250, the price might go down.
The current trend is positive.
A trader suggests buying if the price breaks ₹256 and setting targets and stop-loss at ₹268 and ₹250 respectively.
Aluminium futures are currently trading at ₹254/kg.
The contract faced resistance at ₹256 and fell on Thursday.
A breakout of ₹256 could lead to a rally towards ₹265, with subsequent resistance at ₹268.
Support levels are at ₹252 and ₹250; a breach of ₹250 may turn the outlook bearish.
The suggested trade strategy is to buy if the contract breaks ₹256, with a target of ₹268 and a stop-loss at ₹250.
- Who
- Not explicitly stated, but involves traders.
- What
- Aluminium futures trading with resistance.
- When
- Published on August 7, 2025
- Where
- Not explicitly stated.
- Why
- To determine the potential price movement and trading strategies.
Bulls
Bears
Trend Direction
Bulls
Expect price to increase.
Bears
Expect price to decrease.
- Current Price
- ₹254/kg
- Resistance Level
- ₹256
- Potential Rally Target
- ₹265
- Subsequent Resistance
- ₹268
- Support Level
- ₹252, ₹250
- Potential Bearish Target
- ₹242
- Date Published
- August 7, 2025
