MTECHTIPS MCX ZINC INTRADAY trading tips 27-02-2018
MTECHTIPS 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 oscillator is showing BUY signal For short term Zinc is in HOLD LONG position.Positionally Support for the Zinc is 229-226-225-218-214-213-. Immediate resistance for Zinc is 234 Short term and Intraday Level of ZINC Currently Zinc is in HOLD SHORT position Zinc is showing some Up momentum So buy above 231.0 with stop at 226.0 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 only above 232.9 with a stop at 230 Below 229.3 go for sell and put stop at 232.2
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