Navigation

Lead Keep an eye


Adjacent chart shows price movement of MCX Lead continuous contract. Lead has completed “five wave” rise. Post the “five wave rise”, Lead has witnessed a sharp fall. It is trading in a rising channel and has found resistance at the upper end of the channel. In the near term, minor degree correction is likely, wherein Lead can drift lower towards 160.25 – 158.50 as long as it is trading below the swing high of 171.10. A break above 171.10 will lead to an extension in “fifth wave” which can take it higher to 175 – 178.50 levels. The momentum indicator is in positive 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: