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...
i) volume is increasing ii) 20 days and 50 Days average is below the candle iii) RSI going to over bought zone
As per the daily chart Zinc has created H&S pattern. This gives us a good shorting opportunity.
MCX:ZINC1! Its is a short term trade Zinc is at great support zone. A target of 300 can be seen in near future. This is educational purpose
As seen on chart, long term trendline broken on chart....2 year trendline broken...if sustain below we will see more fall towards 260 levels...
can sell with a stop loss of 323, the target will be 321.45 my personal view only
Zinc Techanical Chart Shown Brake Down in The Channel this is the not good signal in the daily chart.
Zinc has broken out of range with higher volumes and retest with lower volume. after nickel another commodity breaking out
MCX:ZINC1! Everything mentioned chart ones get breakout, one can enter as per their trade setup. Target already mentioned and that is trailing basis, stop loss recent swing low. ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please...
The 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...
ZINC Sep short triple top formation Sell at CMP- 257.8 SL- 259.65 Target- 255.7, 252.6 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
ZINC Sep short Short term support break Sell at CMP- 251.4 SL- 253.3 Target- 248.8 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
ZINC Sep short Shooting star candle RSI Divergence Sell at CMP- 253.8 SL- 255.2 Target- 252, 251, 249.8 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
ZINC Sep short Shooting star candle RSI Divergence Sell at CMP- 251.8 SL- 253.4 Target- 250.7, 249.35 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Zinc Sep short Yesterday we saw inverse Hammer candle close below 20 day EMA RSI Confirmation Sell at CMP- 246.25 SL- 247.6 Target- 243.7 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
#Watchlist #ZINC (4hr):- 247.75 CMP, at Support looks good for 253/255 (Invalid Below 245 DCB) 1) Trading at Support Zone :) 2) Volume Contraction #Disclaimer:- View shared is for educational purposes only. #StockToWatch
#ZINC (4hr):- 251.6 CMP, at crucial Resistance If closed above (251.9/252.4) this then 255/260 levels will come :)
Buy Zinc Closing Price - 230.3 SL - 226 (Weekly Closing Basis) Target - 270