this is zinc analysis made with Elliot waves this is not an recommendation it is only for educational purpose
Breakout in Zinc but volume is not satisfactory,wait for the next candle before taking any decision .
Inc H&S seen on Zinc too.... Like aluminium, it ready to move up positionally
Zinc moment depends on dollar index moment. Year end momentum is lagging
it seems that we will see again down move in Zink around 289.20 is good to sell for a target of 259 it seems that we will see the previous low again in Zink
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.