Buy MCX Zinc (July) @ 242 SL 236 TGT 252 - Choice Broking
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/06/5df4b2687089e345bb1f5152a6bc4a76.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Zinc
* On the daily chart, MCX Zinc has been rising continuously from the last many days with Higher Highs & Higher Lows formation that indicates a continued uptrend in the counter.
* Moreover, the price has also been moving above the 50*100 days SMA & Ichimoku Cloud formation, which indicates a bullish trend inthe counter for the longterm.
* Furthermore, a momentum indicator RSI (14) sustained above 60 level & Stochastic showed positive crossover onthe daily time frame.
* On a weekly chart, the Zinc has confirmed Bullish Engulfing candlestick pattern, which points outa bullish presence for the longterm.
* In addition, on four hourly charts, it has formed Bullish Marubozu candlestick pattern, which suggests bullish strength for the upcoming sessions.
* Based on the above technical structure, we expect a bullish movement in ZINC (July) towards the level of 252 inthe near term.
Buy MCX Zinc (July) @ 242 SL 236 TGT 252
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://choicebroking.in/disclaimer
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/kotak securities.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/TechMahindra23.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/powersector25.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/fsdkfjeljweoir.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/nirmalasitharaman230717.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Real estate sector_9477.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/global29.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar 30.jpg)