Thursday, 9 May 2013

LEAD TREND FOR TODAY-09-May-2013

00:14   , , , , , ,   14 comments


Lead is bearish for medium-long term .Currently Lead is moving sideways The oscillator is showing BUY signal but has moved past its recent high with good volume points to a positive break out . The oscillator is showing BUY signal For short term Lead is in HOLD LONG position and closed above 1 week high with volume signals up breakout.Positionally Support for the Lead is 109-.Resistance for the Lead is 113-117-120-
Short term and Intraday Level of LEAD
Lead closed above 1 week high with volume signals up breakoutCurrently Lead is in HOLD LONG position In short term Lead is in strong up trend so hold with stop at 109 The Lead is now trading in highly overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 113.2 with a stop at 110.4 Below 109.7 go for sell with a stop at 112.4
Intraday Resistance of LEAD are 112.9 : 114.2 : 116.1 : 118.4 : 121.6 : 124.8 : 127.2 : 129.5
Intraday Support of LEAD are 109.9 : 108.6 : 105.6 : 103.5 : 100.5 : 97.6 : 95.6 : 93.6

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