MTECHTIPS MCX ZINC INTRADAY trading tips 07-11-2016
MTECHTIPS MCX ZINC INTRADAY trading tips 07-11-2016
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 . In last few days lot of positive accumulation happened in the Zinc. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Zinc is 160-157-156-154-153-150-. Immediate resistance for Zinc is 167
Short term and Intraday Level of ZINC
Currently Zinc is in HOLD SHORT position In short term Zinc is in strong up trend so hold with stop at 162 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- Buy is advised above 165.7 with a stop at 161.6 Below 160.4 go for sell with stop at 164.5
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