MTECHTIPS MCX LEAD INTRADAY trading tips 02-12-2016
MTECHTIPS MCX Lead is in perfect uptrend .Currently Lead is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Lead. The oscillator is on SELL signal and Lead is coming down from overbought level For short term The current position is BUY .Positionally Support for the Lead is 155-152-147-141-136-132-. Immediate resistance for Lead is 177
Short term and Intraday Level of LEAD
Currently Lead is in HOLD SHORT position Lead is moving sideways so short term investor better to buy only if close above 175.7 with stop at 151.35 on closing The oscillator is showing SELL signal
Intraday Trend- Sell if open below 157.7 or sell below 156 with stop loss at 161.9 Buy if open above 161.9 or buy above 163.6 with stop loss at 157.7.