Zinc (Expiry: 31-Jul-2020 ) - Weekly Technical Analysis Report Valid From 27-July-2020 To 31-July-2020. Based On Bollinger Band, Moving Average, RSI, HakeinAshi Candle, Previous Day Volume and Open Interest, Zinc is Trading in Perfect Down Trend. Bearish Zone - If Trading Price Sustained Below 171.65 can Touch Down Side Levels 168.9. || Bullish Zone - If Trading Price Sustained Above 174.7, can Touch Up Side Levels 179.9
If Price Trading Between 173.8 And 175, Then It Indicates Zinc Trading in Confusing Trend. Safe Trader Avoid Trading Till LTP Sustain Above 175 OR Sustain Below 173.8 || Other Traders Can Create Buying Positions Between 173.8 And 175 With StopLoss Below 173.8 For The Targets 176.8 OR Create Selling Positions Between 173.8 And 175 With StopLoss Above 175 For The Targets 171.6
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Weekly Positional Trading Calls
Zinc Buy At 171.7 Target= 177 SL= 168.9
Zinc Sell At 176.7 Target= 171.4 SL= 179.5
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