MTECHTIPS MCX ZINC INTRADAY trading tips 24-11-2016
MTECHTIPS Zinc is in perfect uptrend .Currently 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 173-170-165-159-157-155-. Immediate resistance for Zinc is 186
Short term and Intraday Level of ZINC
Currently Zinc is in HOLD LONG position In short term Zinc is in strong up trend so hold with stop at 175 The oscillator is showing BUY signal
Intraday Trend- is in intraday buy level better buy above 187 or in low buy above 181 Target is 189.5 next 193.9 Below 178.5 trend reversal can occur so keep long stop at 178.5.