LEAD Technical outlook :

Lead daily chart has formed “Rounding bottom” chart pattern along with the “Ascending broadening wedge” pattern. The last few sessions been bullish in trend as the prices have already broken out a neckline resistance which has now become short term support at 165. The market is expected continue on bullish momentum, testing all the way through 168-170 levels in the upcoming sessions. Alternatively, if the market breaks below the Support level then it might continue in bearish. Resistance holds at 170

Post Comment