Lead Found Support

Lead Found Support

After making a high of 165.10 a healthy correction can be seen on the daily chart. A sideways to falling channel formation can be observed since then. The base metal Lead found support near the previous swing low of 153.80 and bounced backed. Going ahead if the metal is able to breach 40 DEMA on a closing basis then we may see a further upside till 159.60 which the level of 20DSMA, also the upper trend-line of the channel is at the same level. The recent swing low of 153.55 will provide support to the metal

 

MCX Trend

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