Buy MCX ZINC (Apr) @ 225.10 SL 218 TGT 237 - Choice Broking
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ZINC
* On the Daily Chart, MCX ZINC (Apr) has formed Bullish Marubozu Candlestick pattern, which indicates a further reversal in the counter.
* Moreover, the price has shifted above Upper Bollinger Band formation, which suggests bullish trend for the near term.
* Furthermore, the price has also tested support at 50 days Exponential Moving Averages and managed to settle above it.
* Additionally, the price has sustained above 50% Retracement Levels, which support the bullish trend.
* Also, a momentum indicator RSI (14) has turned to upward and settled above 50 level.
* Based on the above technical structure, we suggest a bullish movement in MCX ZINC (Apr) towards the level of 237 in the near term.
Buy MCX ZINC (Apr) @ 225.10 SL 218 TGT 237
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