![](https://4.bp.blogspot.com/-eqCbh3yZc7Y/Wdz1z_5g_9I/AAAAAAAAVes/hqLlEJwQW1EHySI9uA0fruhQLabGSEb3ACLcBGAs/s1600-rw/zinc-4.jpg)
Adjacent chart shows price movement of MCX Zinc continuous contract. It is trading in a rising channel. It has witnessed a minor correction from the Upper Bollinger Band. On the way down, it has support at 209 levels. Dips shall be seen as a buying opportunity as long as it is trading above the 20 DMA which is currently pegged at 204.65. On the way up, it is likely to inch higher towards 218.80 – 225 once the correction is over. The momentum indicator is in positive mode.