MTECHTIPS MCX LEAD INTRADAY trading tips 04-04-2018

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MTECHTIPS MCX LEAD INTRADAY trading tips 04-04-2018

MTECHTIPS  Lead is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Lead is in HOLD LONG position.Positionally Support for the Lead is 154-.Resistance for the Lead is 157-162-163- Short term and Intraday Level of LEADCurrently Lead is in HOLD LONG position Lead is in profit booking mode so either sell of or keep stop at156 so better sell and enter at lower level The Lead is now trading is approaching overbought level. The oscillator is on SELL signal and Lead is coming down from overbought level

Intraday Trend- Buy is advised above 158.2 with a stop at 155.4 Below 154.7 go for sell

 

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