Monday, 26 August 2013

LEAD TREND FOR TODAY-26-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 . Cautious point is buying at higer levels seems decreasing. The Lead is now trading in highly overbought level. The Lead is now trading in highly overbought level. The oscillator is showing SELL signal For short term Lead is in HOLD LONG position.Positionally Support for the Lead is 140-136-132-127-125-122-. Immediate resistance for Lead is 147
Short term and Intraday Level of LEAD
Currently Lead is in HOLD LONG position Lead is in profit booking mode so either sell of or keep stop at141 so better sell and enter at lower level The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 144.3 with a stop at 141.1 Below 140.3 go for sell
Intraday Resistance of LEAD are 142.8 : 143.3 : 148.3 : 150.9 : 154.5 : 158.1 : 160.8 : 163.4
Intraday Support of LEAD are 141.8 : 141.3 : 136.4 : 134 : 130.6 : 127.3 : 125 : 122.7

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