Monday, 19 August 2013

LEAD TREND FOR TODAY-20-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 . In last few days lot of positive accumulation happened in the Lead Cautious point is buying at higer levels seems decreasing. The Lead is now trading in overbought level. The Lead is now trading in overbought level. The oscillator is showing BUY signal 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 134-132-128-125-124-121-. Immediate resistance for Lead is 144
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 138 The Lead is now trading in highly overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 145.6 with a stop at 141.6 Below 140.5 go for sell with a stop at 144.5
Intraday Resistance of LEAD are 144.2 : 145.4 : 147.3 : 149.1 : 151.6 : 155.3 : 158.9 : 161.6 : 164.2
Intraday Support of LEAD are 141.9 : 140.7 : 138.8 : 137.1 : 134.7 : 131.3 : 128 : 125.7 : 123.4

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