Hello 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),...
s Per Technical Analysis and Volume Analysis Mention Stock looks Bearish If its break 225.20-225 Level then Possibly We Can see 222,220,and 218 Level if you are Commodity Trader Then you can Plan to take Trade in this script.
sell ZINC Mini Aug Future Near 226, Sl 228, target 223,221.50
Time Frame - 3-4 days
Thanks And Regards
Ajay
zinc stya abv 223 looks up side 225-27 where support 221 if blw thna mkt dwn side expect 219.50-217------- if abv 223 thna buy on dipss sl 221 blw tgt gvn abv report
As Per Technical Analysis and Volume Analysis Mention Stock looks Bullish If its break 214.20 Then buy NATGAS MINI Aug above 214.20 Sl 213.30, target 215.50,216.30
Only For Educational Purpose.
in 4th hrs chart made looks like h&s pattern neckline present 210 stya blw or close blw 2 days will dwnside 205==197 expect .yes after lvl actived thna sell on rise with risk reward ratio sl more update stya with us
Let's see this time in ZINC, same pattern has formed, and price is held at same place after showing strong upward move.
Short ZINC at 221 with SL of 222 and Target will be 217.5.
Zinc is now looking overbought on the oscillators, there is a minor resistance here and hence there is every chance that we get some sort of correction from the current levels.
DISCLAIMER
it's just my technical view. I'M NOT A SEBI REGISTERED ANALYST. Before taking trade or Invest consult your financial advisor.
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