September 19, 2017

MTECHTIPS MCX ZINC INTRADAY trading tips 02-02-2017

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 Zinc is now trading in overbought level. The Zinc is now trading in overbought level. The oscillator is showing SELL signal For short term Zinc is in HOLD LONG position.Positionally Support for the Zinc is 189-187-183-176-170-. Immediate resistance for Zinc is 196

Short term and Intraday Level of ZINC

 

Currently Zinc is in HOLD LONG position Zinc has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 195.4 with stop at 185.6 The oscillator is showing BUY signal

Intraday Trend- Buy is advised only above 195.4 with a stop at 192.3 Below 191.5 go for sell and put stop at 194.6

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