Buy Lead Around 175 Sl Below 174 TGT 176/177 - Axis Securities Ltd
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COPPER
Copper prices traded volatile in last trading session after prices managed to bounce back from the lows of 708 up till 716 level. However on hourly chart prices is trading below 20 days EMA and RSI is also below 60 level which indicate that the upside momentum is not strong for prices. Any rally towards 720 can be used as an selling opportunity for prices.
SELL COPPER AROUND 720 SL ABOVE 723 TGT 717/714
LEAD
Lead prices gave a breakout on daily chart above 174 level and closed around 176.5 level which is a positive sign for prices. On daily chart prices is trading above 20 and 60 days EMA and RSI is also above 60 level indicating high momemtum in prices. Traders can buy Lead around 175 for the target of 176 on intraday basis.
BUY LEAD AROUND 175 SL BELOW 174 TGT 176/177
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