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Published on 19/11/2020 5:15:13 PM | Source: Axis Securities Ltd

Sell Zinc Below 219 SL ABOVE 220.20 TGT 217.50/216.50 - Axis Securities

Posted in Commodities Reports| #Commodity Tips #Axis Securities Ltd

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Nickel

MCX Nickel price is trading near the support line of the descending triangle pattern,price is expected  to trade negatively.Any breakdown below 1178 would drag the price lower towards 1165/1160 levels in intraday. The momentum indicator RSI is trading at 39 it shows bearishnes in the prices

SELL NICKEL BELOW 1178 SL ABOVE 1185 TGT 1165/1160

 

Zinc

MCX Zinc pricelooks exhausted from it's bullish rally and forming resistance near 221,price is expected to trade negatively.Any breakdown below 219 would drag the price lower towards 217.50/216.50 levels in intraday.The momentum indicator RSI is trading at 66 and it's forming lower lows and lower highs which is a negative sign foe the price.

SELL ZINC BELOW 219 SL ABOVE 220.20 TGT 217.50/216.50

 

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