Monday 22 July 2013

LEAD TREND FOR TODAY-22-July-2013

00:22   , , , , ,   4 comments


Lead is in long- term bull phase .Currently Lead is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Lead is in SELL position.Positionally Support for the Lead is 118-117-.Resistance for the Lead is 122-123-
Short term and Intraday Level of LEAD
Currently Lead is in HOLD SHORT position Lead is in sideways so for short term better buy above 122.9 with stop at 119.6 The Lead is now trading is approaching oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 122.2 with a stop at 120 Below 119.4 go for sell
Intraday Resistance of LEAD are 121 : 121.2 : 126.4 : 128.7 : 132 : 135.4 : 137.8 : 140.3
Intraday Support of LEAD are 120.6 : 120.4 : 115.4 : 113.1 : 110.1 : 107 : 104.9 : 102.8

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