Sell Zinc Below 238.50 Sl Above 240 TGT 236/235.50 - Axis Securities Ltd
COPPER
MCX Copper price has given negative breakout from rising trend line channel, price is expected to trade negatively. Sustaining below 757 would drag down the price lower towards 750/748 levels in intraday. The price has started trading below 9,21&60 hourly EMA which is a bearish sign for the prices.
SELL COPPER IN THE RANGE OF 756.80-757.30 SL ABOV 763 TGT 750/748
ZINC
MCX Zinc price has given a negative breakout from the trend line, price is expected to trade negatively. Sustaining below 238.50 would drag down the price lower towards 236/235.50 levels in intraday. momentume The indicator RSI is trading at 3 and it is forming lower lows with negative divergence which is a bearish sign for the prices.
SELL ZINC BELOW 238.50 SL ABOVE 240 TGT 236/235.50
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