MCX Zinc Signals Potential Bullish Momentum with Clear Target Levels
MCX Zinc is currently right at its 100-day Simple Moving Average (SMA). Additionally, we’ve seen a positive crossover on the Moving Average Convergence Divergence (MACD) indicator.
Closing above the SMA 100 is significant, indicating a potential upward move with two target levels at 224 and 228 in the coming days. This is an appealing opportunity for short-term traders.
It’s important to note that initiating a position when the price is below the SMA 100 is not recommended due to higher risk.