" /> Lead MCX Hard Resistance Levels at 124.50 - 124.90 | Gold Silver Reports
Saturday, October 22nd, 2016 5:09 AM
Breaking News

Home / Research Report / Lead MCX Hard Resistance Levels at 124.50 – 124.90

Lead MCX Hard Resistance Levels at 124.50 – 124.90

Lead MCX Hard Resistance Levels

Gold Silver Reports ~ Lead MCX tumbled sharply in the beginning of January. However, it posted a positive daily close after seven consecutive negative sessions and entered a pull-back mode. In terms of wave structure, it completed the third leg of an expanded flatpattern and started its next leg up. This leg is breaking up into lower degree waves. On the way up, lead crossed a crucial falling trendline. Shortterm as well as mediumterm momentum indicators are in line with sharp rally. However, lead has now halted near the upper end of the rising channel.

It almost retraced 61.8% of the previous fall. Thus, Rs 124.50- 124.90 will now act as a crucial~resistance Levels zone. On the other hand, a key support for a minor degree correction will be Rs 120.

About Neal Bhai

Neal Bhai 9899900589 and 9582247600, We Make Ideas

Check Also

Commodities Weekly Research Report 17-10-16 to 21-10-16

Neal Bhai Weekly Research Reports 17-10-16 to 21-10-16 Best free WordPress theme

We Make Ideas


Our site is objectively in letter and spirit, based on pure Technical Analysis. All other content(s), viz., International News, Indian Business News, Investment Psychology, Cartoons, Caricatures, etc are all to give additional ambiance and make the reader more enlightening. As the markets are super dynamic by very nature, you are assumed to be exercising discretion and constraint as per your emotional, financial and other resources. This blog will never ever create rumors or have any intention for bad propaganda. We report rumors and hear-say but never create the same. This is for your information and assessment. For more information please read our Risk Disclaimer and Terms of Use.

Technically Yours,

Team GoldSilverReports.com, New Delhi, INDIA