MTECHTIPS MCX LEAD INTRADAY trading tips 28-09-2016
MTECHTIPS MCX Lead is in long- medium- short-medium- short- 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 SELL signal For short term Lead is in HOLD LONG position.Positionally Support for the Lead is 128-125-124-121-. Immediate resistance for Lead is 134
Short term and Intraday Level of LEAD
Currently Lead is in HOLD SHORT position The Lead is in downtrend For short term buy only if close above 130.0 The Lead is now trading is approaching oversold level. The oscillator is on BUY Signal and Lead is recovering from oversold level
Intraday Trend- Buy is advised only above 131.5 with a stop at 128.8 Below 128.1 go for sell and put stop at 130.8.