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ZINC

ZINC: Pullback to Breaker Block-Watching for Trend ContinuationMCX:ZINC1! Zinc Futures are retesting a previously respected breaker block, which aligns with an important support zone after a strong impulsive rally. The current decline appears corrective , forming a short-term falling channel while the broader market structure remains constructive. A sustained hold above the marked demand area, followed by a breakout from the channel, could indicate renewed bullish momentum. For now, the reaction around this support zone remains the key area to watch.
MCX:ZINC1!Long
by KingDoxa_trades
Technical Analysis and Price Projections for MCX ZincExamining the daily chart of MCX Zinc utilizing Fibonacci retracement, notable developments are observed. In May 2023, Zinc breached the 61.8% retracement level but did not test the subsequent level at 78.6% . Instead, it retraced back to the 61.8% level. The pivotal level of 228 suggests that the downtrend in Zinc may have concluded. This level holds significance as it could propel Zinc upwards, targeting levels of 236 , 242 , and potentially 257.6 . According to the principles of Fi
MCX:ZINC1!
by freestocktips
Bullish Outlook as per Possible Elliott wave counts of Zinc mcxHello Friends Here we had shared possible Elliott wave counts on Zinc Futures chart of mcx Elliott Wave Analysis for Zinc Future (Hourly Chart) Bullish Outlook: On the hourly chart of Zinc Future, the Elliott Wave analysis suggests that the asset has completed wave 1 and wave 2. The current price action indicates the unfolding of wave 3, with sub-waves (i), (ii), (iii), and (iv) already completed. The ongoing sub-wave (v) is in progress, and the analysis considers the invalidation level for
MCX:ZINC1!Long
by RK_Chaarts
EWT - MCX Zinc Is Ready For Its Final Impulse MCX zinc has been forming the corrective structure in descending channel for more than 28 weeks. The ending point of impulse was 383.55 . At present, MCX zinc has accomplished the corrective wave ((B)) and started forming sub-waves of the impulsive wave (C). Price has completed 78.6% retracement, where wave A = C at 217 . Zinc has accomplished wave (4) of wave ((C)). Wave ((C)) retraced 61.8% of wave ((A)). Zinc is trading below 50-day EMA , and RSI is above 30 . Zinc will try to test
MCX:ZINC1!Short
by forextidings
1
Zinc possible targets 260 to 280The chart structure shows a strong bias toward the upside. Most likely zinc is just starting to show initial signs, yet it's a fairly strong indication of higher side move. As long as it continues to stay above the breakout level, & closes above 238, the probability of higher levels seems fairly strong. At this point of time, targets of 260 to 280 seem be doable. The upside view gets invalidated, if the breakout fails and zinc starts to close and sustain below 232 levels. Unlike stock char
MCX:ZINC1!Long
by amar_gr