MTECHTIPS MCX ZINC INTRADAY trading tips 17-08-2017

MTECHTIPS MCX ZINC INTRADAY trading tips 17-08-2017
MTECHTIPS Mcx Zinc is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term The current position is BUY and closed above 1 month high with volume signals up breakout.Positionally Support for the Zinc is 184-182-181-175-172-. Immediate resistance for Zinc is 201Short term and Intraday Level of ZINC Currently Zinc is in HOLD LONG position Zinc is in sideways so for short term better buy above 204.2 or hold with stop at 185.05 The next resistance will be at 200.5 Yesterday the up movement was with volume this also confirm an up break out The Zinc is now trading is approaching overbought level. The oscillator is on SELL signal and Zinc is coming down from overbought level
Intraday Trend- Buy above 204.2 and keep stop below 195.3 Target is 208.2 next 214.9 Below 191.2 trend reversal can occur and next level is 184.5
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