MTECHTIPS MCX LEAD INTRADAY trading tips 22-09-2016
MTECHTIPS MCX Lead is in long- medium- short-medium- term bull phase .Currently Lead 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 Lead is in HOLD LONG position.Positionally Support for the Lead is 127-125-123-121-. Immediate resistance for Lead is 134
Short term and Intraday Level of LEAD
Currently Lead is in HOLD LONG position Lead is moving sideways so short term investor better to buy only above 132.8 or hold with stop at 128.85 The Lead is now trading is approaching overbought level. The oscillator is on SELL signal and Lead is coming down from overbought level
Intraday Trend- Buy is advised above 131.4 with a stop at 127.9 Below 127 go for sell.