MCX Zinc January 2019: Resistance At Higher Range

Report for Date: 11/01/2019

MCX Zinc (Price figures below are in Rs/INR per Kg)

Exit long on rise to 176.85-182.

Lower range can be 171.70-166.55.

Further rise is above 178.6 and till then use rise exit long position.


TREND INFORMATION WITH INTRA-DAY LEVELS

CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
174.05	171.70	UP	171.55	4.01	166.55	171.70	174.50	176.85	182.00

*Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

Last Close	Price G/L%	Volume	V -G/L%	Open Interest	OI -G/L %	Candle	Position
174.1	-1.4	159964992	13.6	3878	22.1	Negative	Addition Short

TECHINCAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
46.79	-9.59	71.52	-16.69	-1.77	3.65	View Full Image
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