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MTECHTIPS MCX LEAD INTRADAY trading tips 01-11-2016

Monday, October 31, 2016 21:56
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MTECHTIPS MCX LEAD INTRADAY trading tips 01-11-2016

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MTECHTIPS Lead is in perfect uptrend .Currently Lead is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Lead is in HOLD LONG position.Positionally Support for the Lead is 136-135-134-131-128-126-. Immediate resistance for Lead is 142

Short term and Intraday Level of LEAD

Currently Lead is in HOLD LONG position Lead has formed a new 5 day high yesterday but failed to keep the trend so if buying has to considered better above140.9 The Lead is now trading is approaching overbought level. The oscillator is on SELL signal and Lead is coming down from overbought level

Intraday Trend- Sell if open below 135 or sell below 133.2 with stop loss at 139.1 Buy if open above 139.1 or buy above 140.9 with stop loss at 135

WWW.MTECHTIPS.COM

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