Friday 16 August 2013

LEAD TREND FOR TODAY-17-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 132-130-127-125-124-120-. Immediate resistance for Lead is 143
Short term and Intraday Level of LEAD
Lead closed above 1 week high with volume signals up breakoutCurrently Lead is in HOLD LONG position Lead has crossed the high so for short term better buy above 143 with stop at 131.4 Yesterday the up movement was with volume this also confirm an up break out The Lead is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy above 143 and keep stop below 138.4 Target is 145 next 148.3 Below 136.4 trend reversal can occur and next level is 133.1
Intraday Resistance of LEAD are 142.6 : 144.6 : 147.8 : 149.2 : 152.8 : 156.4 : 159.1 : 161.7
Intraday Support of LEAD are 138.8 : 136.8 : 133.6 : 132.4 : 129.1 : 125.8 : 123.5 : 121.2

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