Sell Zinc Below 238.50 Sl Above 240 TGT 236/235.50 - Axis Securities Ltd
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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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