Buy Soyabean Above 7500 Sl Below 7470 TGT 7530 /7580 - Axis Securities Ltd
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SOYABEAN
Soybean prices is on a roll from last few trading session after prices broke the strong resistance zone of 6900 and it has rallied all the way up till 7500 level. Overall trend is looking postive for prices as it is trading above 20 and 60 days EMA and RSI is also above 70 level on hourly chart which indicate momemtum is strong for prices. Traders can buy Soyabean above 7500 level for the target of 7530 on intraday basis.
BUY SOYABEAN ABOVE 7500 SL BELOW 7470 TGT 7530 /7580
LEAD
Lead prices edged higher in last trading session after prices managed to respect the support zone of 177 and closed around 180 level. On hourly chart prices is trading above 20 and 60 days EMA and RSI is also above 60 level indicating strong momemtum in prices. Traders can buy Lead on dips around 177 level for the target of 178 level on intraday basis.
BUY LEAD AROUND 177 SL BELOW 176 TGT 178/178
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