MTECHTIPS MCX LEAD INTRADAY trading tips 19-10-2016
MTECHTIPS MCX Lead is in long- medium- term bull phase .Currently Lead is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Lead is in HOLD SHORT position.Positionally Support for the Lead is 129-126-125-.Resistance for the Lead is 134-136-137-
Short term and Intraday Level of LEAD
Currently Lead is in HOLD SHORT position The Lead is in downtrend For short term buy only if close above 134.0 The Lead is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 133 with a stop at 130.4 Below 129.7 go for sell.