Lead is in
long- term bull phase .Currently Lead is in strong downtrend but volume is
unsatisfactory The open interest is not increasing with trend . In last few
days volume based selling happened in the Lead Noting point is selling at lower
levels seems decreasing. The oscillator is showing SELL signal For short term
Lead is in SELLposition.Positionally
Support for the Lead is 122-121-.Resistance for the Lead is 126-127-128-
Short term and Intraday Level of LEAD
Currently
Lead is in HOLD SHORT position Lead has formed a new 5 day low yesterday
but failed to keep the trend so if selling has to considered better below122.2
Buy if above 126.75 The Lead is now trading is approaching oversold level. The
oscillator is on BUY Signal and Lead is recovering from oversold level
Intraday Trend- Buy is advised above 124.7 with a stop at 122.7 Below 122.2 go for sell
Intraday Resistance of LEAD are 124.4/125.2/128.6/131.8/137.3/140.4/146.4/152.5
Intraday Support of LEAD are 122.5/121.7/118/114.9/109.9/107.1/102/97
Intraday Trend- Buy is advised above 124.7 with a stop at 122.7 Below 122.2 go for sell
Intraday Resistance of LEAD are 124.4/125.2/128.6/131.8/137.3/140.4/146.4/152.5
Intraday Support of LEAD are 122.5/121.7/118/114.9/109.9/107.1/102/97
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