Wednesday, 7 August 2013

LEAD TREND FOR TODAY-08-Aug-2013

Lead is in perfect uptrend .Currently Lead is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Lead is 126-125-124-123-121-118-. Immediate resistance for Lead is 133
Short term and Intraday Level of LEAD
Currently Lead is in HOLD LONG position In short term Lead is in strong up trend so hold with stop at 129 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 130.3 with a stop at 128.7 Below 128.3 go for sell with stop at 129.9
Intraday Resistance of LEAD are 130.1 : 130.7 : 135 : 137.5 : 140.9 : 144.4 : 146.9 : 149.5
Intraday Support of LEAD are 128.5 : 127.9 : 123.7 : 121.4 : 118.2 : 115 : 112.8 : 110.6

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