MTECHTIPS MCX LEAD INTRADAY trading tips 07-10-2016
MTECHTIPS MCX Lead is in perfect uptrend .Currently Lead is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is on SELL signal and Lead is coming down from overbought level For short term The current position is BUY .Positionally Support for the Lead is 134-132-131-126-125-123-. Immediate resistance for Lead is 145
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 139.0 Selling pressure seems to be deceasing So Short term sellers have to take a cautious approach.Short only below 135.4 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 139.2 with a stop at 136.2 Below 135.4 go for sell and put stop at 138.4.