Zinc is going upward since April. Recently, it has broken the strong support trendline and made an excess. At present, it’s running at a strong support line. So what are you expecting next?
Technically, the crossover of 20 & 50 MA indicating a downtrend ahead, and multiple volume spikes are a direct sign for an uptrend.
Simple Trading Strategy for the Intraday Traders:
The day traders can keep buying above 0.886 value of retracement for the target of 194.6 – 196 and above.
Breakout of 199.4 means boom..!!! It can fly from there for 203 – 206 levels.
According to the Fibonacci retracement & moving average, zinc will collapse soon to the value of 0.786. So, short-term investors can go for 185 levels.
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your articles are unique!
your knowledge every time helps me THANK YOU :)
great!!!!! this is an amazing chart.
superb
your targets are helping me always
pehla target touch ho gaya book karu ya wait karu?
sir, should I wait or buy as the second target is very close?