MTECHTIPS MCX ZINC INTRADAY trading tips 26-09-2016
MTECHTIPS MCX ZINC INTRADAY trading tips 26-09-2016
MTECHTIPS MCX Zinc is in long- term bull phase .Currently Zinc 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 BUY signal For short term Zinc is in HOLD LONG position.Positionally Support for the Zinc is 147-142-.Resistance for the Zinc is 153-154-
Short term and Intraday Level of ZINC
Currently Zinc is in HOLD LONG position Zinc is moving sideways with low volatality so short term investor better to buy if close above 153.85 close below 147.55 sell will happen. The Zinc is now trading is approaching overbought level. The oscillator is on SELL signal and Zinc is coming down from overbought level
Intraday Trend-Intraday better to buy above 153.8 and Sell if below149.1.
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