Lead Mcx downtrend line breakout closed strong above .Strong weekly closing support at 175 . probabilities of a rally towards 190-200 levels in next 4-5 month are high . bullish view fails if weekly start closing below 175 levels .
Lead Futures
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Market insights
Lead mcxLead from last 6 month consolidating in tight range 185- 178 on downside weekly closing coming near the resistance zone . expecting good show in next 2 -3 month expecting bull run in all base metal copper ,aluminum, nickel . expected lead to bounce towards 192 and if closes above 200 level by December end .view fails on weekly closing below 180 levels entry level 183-185 levels .
LEAD : A good candidate for a long-term lead is being prepared.For educational purpose only. No buying advice
A good candidate for a long-term lead is being prepared.
wait 4 brekout...
lead is going up in 15 mint lead is going up in coming 15 mint here your buy position at 191.40 your target is 192.20, 192.60 please maintain your stop loss
LEAD INTRADAY SETUPlead is cover the gap up coming sessions
price traded support resistance channel
if break the resistance take buy trade over here
LEAD - retracement done - can touch new heights LEAD futures showing an interesting pattern
Wolfe Waves - For a true Wolfe Wave, the fifth wave instance in the pattern will be followed by a breakout in price and presently the lead futures are in end of 5th wave
so any breakout if it happens would become trigger point and the target would be the trend line
positional trade - SL and targets provided on chart
Dont miss opportunity in Lead (Bullish Bat) Buy 159-160
Target 172
Stop 155
thanks
Jigar Pateel
8898030401
Dont miss the opportunity in MCX LEADICHIMOKU ANALYSIS
TARGET 172.9
TARGET DATE 11-01-2021
THANKS
JIGAR PATEL
8898030401
MCX Lead Tips & Elliott Wave ViewIt's the daily chart of the MCX lead. Here, it has made the bullish Elliott pattern, and the ABC correction was completed on the 24th of December 2020. And right now, it started to move upside as per the rules of the bullish Elliott wave pattern. And it will move upwards till 158.6 - 162 .
#MCX #Lead Trading levelsBuy above 161.30 leads to the targets of 161.90/162.90
Sell below 159
Targets 158.5/157.2
*Please trade with your own analysis. I just shared my view.*
MCX Lead: Pitchfork, Bullish Flag & Double Top PatternHere I have used the three most popular patterns, which are pitchfork pattern , bullish flag pattern , and double top pattern on MCX Nickel daily chart.
First of all, let's start with a pitchfork pattern. Nickel is running on the support line area. This movement indicates a continuous uptrend ahead.
The second thing is the bullish flag pattern, which also indicates the same. After a short reversal, nickel will start marching for the following targets: 162 - 164 - 166+
If the trend breaks the support line, there will be an activation of the double top pattern, which indicates the fall to the following levels: 148 - 145 - 142.6
Additionally, a breakout of the neckline is a direct sign of an extreme downtrend. And that will become unstoppable and hit the following levels: 136 - 132 - 128
