Lead is bearish for medium-long term .Currently Lead is
in strong downtrend with good momentum and the trend is supported with good
volume 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 Lead is now trading in oversold level. The Lead is now
trading in oversold level. The oscillator is showing SELL signal For short term
Lead is inSELL position.Positionally
Immediate support for Lead is 119.Resistance for the Lead is 122-123-126-128-
Short
term and Intraday Level of LEAD
Currently Lead is in HOLD SHORT position The Lead is in slight down trend. Hold
short with tight stop at 121.0 If trades and sustain above 119.85 it is again
selling signal The Lead is now trading in highly oversold level. The oscillator
is showing BUY signal
Intraday Trend-The Lead closed in a confusion manner So buy for intraday only above 121.2 with a stop at 119.1 If opens below 119.1 or trade below 118.6 be cautious or go for sell with stop at 120.7
Intraday Resistance of LEAD are 120/120.2/125.3/128.4/133.9/136.9/142.9/148.9
Intraday Support of LEAD are 119.8/119.6/114.8/111.8/106.8/104.1/99/94.1
Intraday Trend-The Lead closed in a confusion manner So buy for intraday only above 121.2 with a stop at 119.1 If opens below 119.1 or trade below 118.6 be cautious or go for sell with stop at 120.7
Intraday Resistance of LEAD are 120/120.2/125.3/128.4/133.9/136.9/142.9/148.9
Intraday Support of LEAD are 119.8/119.6/114.8/111.8/106.8/104.1/99/94.1
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