ALUMINIUM is approaching a significant support zone, marked by prior price rejections and strong buying pressure. This area has historically acted as a key demand zone, indicating the potential for a pullback if buyers regain control.
If buyers step in and confirm support within this zone, we could see a rebound toward the 2,634 level, aligning with a corrective move after the recent sell-off. However, failure to hold this support could signal further downside continuation.
Traders should watch for bullish confirmation signals, such as rejection wicks, bullish engulfing patterns, or increased buying volume, before considering long positions.