Zinc Down trend long view Possible Monthly chart April to October 7 Month High after down trend start : up & Down slowly Possible (Only Education Purpose)
Zinc had started its advancing October 7, it started retracment 4 days ago and now its price has rejected up from a reasonable zone.
In this zine we have golden fibo zone in coincidence with 20EMA.
The stock has reached the lower trend line and might take support and undergo a reversal rally. Trade is supported by Lower Trendline, Lower Bollinger Band and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near all time/swing high.
ZINC Sep Long
Cup and handle pattern breakout with gap up opening
Buy at CMP- 245.3
SL- 244.2
Target- 246.2, 247.2
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
ZINC Sep Long
Bullish engulfing candle stick pattern
Buy at CMP- 245.45
SL- 244.45
Target- 246.55, 247.5
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Hello traders ,
Zinc now trade in below support zone its looks price touch 225.75 level. If price trade below this level and close below this level then coming days we see Zinc 215 and 201. So take care to Buy Zinc or Sell on Rise.
thanks
MCX:ZINC1!
MCX ZINC (26th FEB21) may move downside till the level 219 because in an hourly chart RSI(14) is showing divergence, which is a negative sentiment for the script. it's immediate resistance will be high's of the 16TH feb, which is 229.10 and below 227.30it may go sharply downside.
