Buy Nickel Above 1327 Sl Below 1317 TGT 1340/1345 - Axis Securities Ltd
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LEAD
MCX Lead price is trading inside the bearish rising wedge pattern, price is expected to trade negatively. Any breakdown below 171.50 would drag down the price lower towards 170.20/169.50 levels in intraday. The hourly momentum indicator RSI is trading at 54 and it is failing to trade above 65 which shows a negative sign for the prices.
SELL LEAD BELOW 171.50 SL ABOVE 172.50 TGT 170.20/169.50
NICKEL
MCX Nickel price has given a bullish breakout from consolidation range, Price Sustaining is expected above to 1327 trade would positively. push the price higher towards 1340/1345 levels in intraday. The price has started trading above 9,21&60 hourly EMA which is a positive sign for the prices.
BUY NICKEL ABOVE 1327 SL BELOW 1317 TGT 1340/1345
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