Zinc Oct. Futures (MCX) – Weekly Analysis (6–10 Oct. 2025)MCX:ZINC1!
Zinc is consolidating near 294.45 after a strong uptrend, now testing the zero line (294.65) as a critical resistance before the next trending move.
Bullish Weekly Scenario
Long Entry (290.20):
Fresh longs can be considered above 290.20, as this level was reclaimed early last week and confirmed with new highs.
Pyramiding/additional buying can be initiated above 288.60 if pullbacks hold and the uptrend remains intact.
Weekly Upside Targets:
303.05 (Target 1): First supply area, mapped to recent swing highs and likely resistance.
308.25 (Target 2): Channel extension target and upper weekly range.
Stop Loss:
Maintain stops below 291.55 (weekly short exit) to reduce risk on reversals that break active swing lows.
Bearish Weekly Scenario
Short Entry (287.00):
Shorts become actionable below 287.00, which breaks the rising support trendline and signals shift back to bears.
Downside Targets:
286.25 (Target 1): First major bounce/support zone for short covering.
281.05 (Target 2): Deeper extension toward lower boundary of weekly range.
Stop Loss:
Place above 290.20 to manage risk if reversal fails.
Structural & Range Logic
Zero Line (294.65):
The zero line is the weekly pivot—sustained trades above keep bias bullish, targeting 303+.
Failure/rejection here may lead to range-bound action or corrective pullback for the week.
Trendline:
Ascending trendline from recent lows supports short-term bullish case; a break could lead to downside momentum.
