MCX Lead Pull back mode 21 April 2016

MCX lead formed a bullish outside bar on the daily chart

MCX lead tumbled significantly for a few weeks. The fall unfolded in a channelised manner. However, the base metal found support near the 61.8% retracement mark. At that key Fibonacci level, lead formed a bullish outside bar on the daily chart. Consequently, lead has entered into a short-term pullback mode. The pullback is breaking up into lower degree waves and can stretch till Rs119.70-121.60. On the other hand, Rs116.00-115.20 will act as a key support zone.


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: