MTECHTIPS MCX LEAD INTRADAY trading tips 20-10-2016
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 SELL position.Positionally Support for the Lead is 129-127-125-.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 only above 134.9 with a stop at 132.2 Below 131.5 go for sell and put stop at 134.2.