Navigation
”crude

05 Nov 2015 Technical Chart Lead Keep an eye





MCX lead, in its recent rise, has formed an impulse on the upside. After the impulse lead is forming a minor degree correction. It has retraced 61.8% of the impulse. Since the last few sessions, lead is forming a base near the key Fibonacci level. A key support zone on closing basis will be 61.8%-78.6% retracement marks, ie Rs.110.20-108.00 respectively. As per the Elliott Wave theory, hereon, its next leg on the upside is likely to start off. On the higher side, Rs.112.30-113.40 is the key resistance level beyond which lead can test the high of Rs.118.20.
Share

Shubhlaxmi

Shubhlaxmi Commodity is a Free portal where you are provided all market such as Commodity stocks futures and Currency Like USD To INR and internatinol live market prices and live charts and Free support and resistance level

Post A Comment: