Lead is bearish for medium-long term .Currently Lead is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend .. The Lead is now trading in oversold level. The Lead is now trading in oversold level. The oscillator is showing SELL signal For short term Lead is in HOLD SHORT position.Positionally Immediate support for Lead is 125.Resistance for the Lead is 130-133-137-
Short term and Intraday Level of LEAD
Currently Lead is in HOLD SHORT position The Lead is in downtrend For short term buy only if close above 128.0 Selling pressure seems to be deceasing So Short term sellers have to take a cautious approach.Short only below 125.35 The Lead is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 127.7 with a stop at 126.2 Below 125.9 go for sell and put stop at 127.4
Intraday Resistance of LEAD are 127.5 : 128 : 132.5 : 134.9 : 138.3 : 141.8 : 144.3 : 146.8
Intraday Support of LEAD are 126.1 : 125.6 : 121.2 : 119 : 115.8 : 112.7 : 110.5 : 108.3
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