MTECHTIPS MCX ZINC INTRADAY trading tips 21-04-2017

MTECHTIPS MCX ZINC INTRADAY trading tips 21-04-2017
MTECHTIPS Mcx Zinc is bearish for medium-long term .Currently Zinc is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. The Zinc is now trading in oversold level. The oscillator is showing SELL signal For short term Zinc is in SELL position and closed above 1 week high with volume signals up breakout.Positionally Support for the Zinc is 168-.Resistance for the Zinc is 173-178-183-184-185-
Short term and Intraday Level of ZINC

Zinc closed above 1 week high with volume signals up breakoutCurrently Zinc is in HOLD SHORT position Zinc is in sideways so for short term better buy above 172.5 or hold with stop at 161.9 The next resistance will be at 170.2 Yesterday the up movement was with volume this also confirm an up break out The oscillator is showing BUY signal
Intraday Trend- Buy above 172.5 and keep stop below 167.3 Target is 174.7 next 178.4 Below 165.1 trend reversal can occur and next level is 161.4
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