ZINCN2020 trade ideas
ZINC (26th FEB 21) MAY MAVE DOWNSIDE TILL 219MCX:ZINC1!
MCX ZINC (26th FEB21) may move downside till the level 219 because in an hourly chart RSI(14) is showing divergence, which is a negative sentiment for the script. it's immediate resistance will be high's of the 16TH feb, which is 229.10 and below 227.30it may go sharply downside.
Zinc chart. 225 the break, then major breakout is around 235Commodities set for 2021? AUD in trouble!
Sell Zinc Short term Targets 213/212.5
Stop Loss 215
Disclaimer: I just shared my view. Please trade with your own and comfortable ideas.
MCX Zinc Ready For Another Rally AttemptZinc is going upward since April. Recently, it has broken the strong support trendline and made an excess. At present, it's running at a strong support line. So what are you expecting next?
Technically, the crossover of 20 & 50 MA indicating a downtrend ahead, and multiple volume spikes are a direct sign for an uptrend.
Simple Trading Strategy for the Intraday Traders:
The day traders can keep buying above 0.886 value of retracement for the target of 194.6 - 196 and above.
Breakout of 199.4 means boom..!!! It can fly from there for 203 - 206 levels.
According to the Fibonacci retracement & moving average, zinc will collapse soon to the value of 0.786 . So, short-term investors can go for 185 levels.
Sell ZincTarget 204/202
Main Stop Loss at 209. This call is for only risky traders.
*Disclaimer : I just shared my view. Please trade with your comfortable and own ideas.
Sell ZincTarget 198.8/198
*Disclaimer : I just shared my view. Please trade with your comfortable and own ideas.
Little Buy - ZincTarget 196.7/197.20
*Disclaimer : I just share my view. Please trade with your own and comfortable ideas.
#MCX ZINC at BuyTarget 191.50/192.4
Main Stop Loss at 188
Disclaimer : I just shared my view. Please trade with your own and comfortable ideas. Thanks.
Sell Zinc#MCX Zinc
Targets 194.75/194
* Disclaimer : I just shared my view. Please trade with your own and comfortable views.
Zinc MCX short caseHI Friends,
Mcx Zinc shows classical head and shoulder pattern,
the stoploss and target are shown in the chart.
Your Humble trader
KIRAN
R-0199 Commodity Future Buy ZINC SEP @196.2-196.3 SL 195.50 TGIntraday Commodity Future Buy ZINC SEP @196.2-196.3 SL 195.50 TGT 197.50
TK cross over so chart look bullish on 30 min along with MACD crossover.
R-0187 Commodity Future Buy ZINC SEP @195.3-195.4 TGT 196.50Intraday Commodity Future Buy ZINC SEP @195.3-195.4 SL 194.70 TGT 196.50
Reason:
#1. Above VWAP 195.2
#2. TK cross over
#3. MACD cross over
