Friday, 15 February 2013

LEAD TREND FOR TODAY-16-FEB-2013


Lead is in perfect uptrend .Currently Lead is moving sideways The oscillator is on SELL signal and Lead is coming down from overbought level but has moved past its recent high with good volume points to a positive break out . The oscillator is on SELL signal and Lead is coming down from overbought level For short term Lead is in HOLD LONG position and closed above 1 month high with volume signals up breakout.Positionally Support for the Lead is 129-128-127-125-123-. Immediate resistance for Lead is 134

Short term and Intraday Level of LEAD

Lead closed above 1 week high with volume signals up breakoutCurrently Lead is in HOLD LONG position Lead has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 134.4 with stop at 127.95 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 134.4 with a stop at 131.2 Below 130.3 go for sell and put stop at 133.5
Intraday Resistance of LEAD are 133.2/134.1/135.6/137/140.3/146/149.2/155.4/161.7
Intraday Support of LEAD are 131.5/130.6/129.1/126/122.9/117.7/114.8/109.5/104.3

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