MTECHTIPS MCX ZINC INTRADAY trading tips 28-11-2016
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 The current position is BUY .Positionally Support for the Zinc is 178-174-169-160-158-156-. Immediate resistance for Zinc is 199
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 182 The Zinc is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- is in intraday buy level better buy above 200.8 or in low buy above 193.3 Target is 204.2 next 209.8 Below 189.9 trend reversal can occur so keep long stop at 189.9.