MTECHTIPS MCX LEAD INTRADAY trading tips 21-10-2016
MTECHTIPS MCX Lead is in long- medium- short-medium- term bull phase .Currently Lead is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Lead is in SELL position.Positionally Support for the Lead is 133-129-127-125-.Resistance for the Lead is 136-137-
Short term and Intraday Level of LEAD
Currently Lead is in HOLD SHORT position Lead is in sideways and sellers was at high so for short term better buy above 135.7 or hold with stop at 130.7 The next resistance will be at 134.5 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 135.7 with a stop at 133.6 Below 133 go for sell and put stop at 135.1.