Zinc Pullback towards resistance zone


Adjacent chart shows the price movement of MCX Zinc continuous contract. Zinc closed in green after five
days of negative close. Therefore, a minor degree pullback is possible in the near term. On the way up, the gap area of 170.50 – 171.55 will act as resistance. zinc Pullback towards resistance zone shall be seen as selling opportunity. On the way down, zinc can drift lower towards 163.80 – 160 once the pullback is complete. The trend remains bearish as long as it does not close above 177. The daily momentum indicator is bearish.

Pullback towards resistance

जस्ता पांच के बाद हरे रंग में बंद नकारात्मक बंद के दिन। इसलिए, निकट अवधि में मामूली डिग्री पुलबैक संभव है। रास्ते में, 170.50 – 171.55 का अंतर क्षेत्र प्रतिरोध के रूप में कार्य करेगा। प्रतिरोध क्षेत्र की ओर जिंक पलबैक बिक्री के अवसर के रूप में देखा जाएगा। रास्ते में नीचे, जिंक खींचने के बाद जिंक 163.80 – 160 की ओर कम हो सकता है। प्रवृत्ति तब तक धीमी रहती है जब तक यह 177 से ऊपर न हो। दैनिक गति संकेतक मंदी है।




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