Navigation

MCX Zinc Keep a close eye




The adjacent chart shows the price movement of MCX Zinc continuous contract. It has achieved the equality target of the previous fall. There is a possibility that the correction may have been completed. However, there is no confirmation of that yet. Once it manages to break above the swing high of 170.90, then it will form higher top, higher bottom on the daily chart. In the near term, 170.90-173.50 will act as a resistance whereas on the way down, 164.85-162 will act as support. A bounce towards 173 is possible as long as it doesn’t close below 162. The momentum indicator is in a ‘buy’ mode.
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: