Wednesday 17 April 2013

LEAD TREND FOR TODAY-18-April-2013

23:53   , , , , , ,   3 comments


Lead is bearish for medium-long term .Currently Lead is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is on BUY Signal and Lead is recovering from oversold level For short term Lead is in HOLD SHORTposition.Positionally Immediate support for Lead is 108.Resistance for the Lead is 112-114-118-122-123-
Short term and Intraday Level of LEAD
Currently Lead is in HOLD SHORT position Lead is in down trend so buy above 111.0 The sell will again come if below 108.0 The Lead is now trading is approaching oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 110.8 with a stop at 107.5 Below 106.6 go for sell
Intraday Resistance of LEAD are 109.5/110.3/111.7/114.4/117.4/122.6/125.5/131.2/137
Intraday Support of LEAD are 107.9/107.1/105.7/104.3/101.5/96.8/94.2/89.4/84.7

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