Thursday 21 February 2013

LEAD TREND FOR TODAY-22-FEB-2013


Lead is in long- term bull phase .Currently Lead is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Lead. The oscillator is showing SELL signal For short term Lead is in SELLposition and closed below 3 week low with volume signals down breakout.Positionally Support for the Lead is 124-.Resistance for the Lead is 129-130-

Short term and Intraday Level of LEAD

Lead and closed below 1 week low with volume signals down breakoutCurrently Lead is in HOLD SHORT position The Lead is in downtrend For short term buy only if close above 128.0 The Lead is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 127.8 with a stop at 125.6 Below 125 go for sell
Intraday Resistance of LEAD are 127.6/128.6/131.5/134.8/140.3/143.5/149.5/155.7
Intraday Support of LEAD are 125.2/124.2/120.8/117.7/112.6/109.8/104.6/99.6

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1 comments :

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