MTECHTIPS MCX ZINC INTRADAY trading tips 25-11-2016
MTECHTIPS Zinc is in perfect uptrend .Currently Zinc is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Zinc is now trading in overbought level. The Zinc is now trading in overbought level. The oscillator is showing BUY signal For short term Zinc is in HOLD LONG position.Positionally Support for the Zinc is 175-171-167-159-157-155-. Immediate resistance for Zinc is 189
Short term and Intraday Level of ZINC
Currently Zinc is in HOLD LONG position In short term Zinc is in strong up trend so hold with stop at 178 The Zinc is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 190.2 with a stop at 185.6 Below 184.3 go for sell with a stop at 188.9.