ZN1! trade ideas
Zinc is in sidewaysThis metal is in sideways between 213 to 228.
*Disclaimer : Hereby I shared my view. Please trade with your own and comfortable ideas.
MCX Zinc Will Touch 240 level by EWTHere's the daily chart of the MCX zinc. It has made two Elliott waves. The first one is bearish, and the second one is bullish. The bearish was started from the 11th of April 2019 and ended on the 19th of March 2020. The bullish one started on the 19th of March 2020, and the fifth wave of this Elliott wave is remaining. In the Elliott wave theory, each wave has five sub-waves.
Short-term investors can see the following levels soon: 228 - 234 - 240
BuyBuy in dip at 210 sl 189 target 265. Buy in farthest month
Disc : It's not an investment advise to buy or sell
Zinc Selling levelsSell around 219.7 to 221.50 levels
Moment Targets 219.30/218.50/218.1
Main Stop Loss at 222 for the day.
Disclaimer : I just shared my view. Please with your own and comfortable ideas.
Will zinc return at a strong support trendline?Zinc took a bounce back from the lower levels yesterday, and it has failed to break last week's low level of 212.1 . Intraday traders can initiate long positions for levels of 219.6 - 220 .
If it breaks last week's low, we may see 210 - 208.6 levels. Overall, it's positive. Long positions can be initiate with targets at 221.6 - 224 - 230 in extension.
The DMI & MA is bullish and calls for further advance.
YHLC INDICATORTAKING THE PREVIOUS SESSION HIGH LOW AND CLOSE PROJECTING IT TO CURRENT SESSION.
50%, 100% EXPANSION TARGETS ON BOTH SIDES.
Zinc levels (October Future)...28/09/2020 (1hr Candle)😊Zinc levels (October Future)...28/09/2020 (1hr Candle)
