R-0187 Commodity Future Buy ZINC SEP @195.3-195.4 TGT 196.50Intraday Commodity Future Buy ZINC SEP @195.3-195.4 SL 194.70 TGT 196.50
Reason:
#1. Above VWAP 195.2
#2. TK cross over
#3. MACD cross over
ZN1! trade ideas
R-0116 Commodity Future Sell ZINC AUG @182-182.1 SL 183.20 TGTIntraday Commodity Future Sell ZINC AUG @182-182.1 SL 183.20 TGT 179.80
MACD cross over + TK cross over so looks bearish
R-0103 Intraday Commodity Fut Sell ZINC AUG @176.1-176.2 Intraday Commodity Future Sell ZINC AUG @176.1-176.2 SL 176.85 TGT 174.90
Just now it crosses TK line + MACD cross over so bearish sign
R-0093 Commodity Future Sell ZINC AUG @176.5-176.6 SL 177.10 Intraday Commodity Future Sell ZINC AUG @176.5-176.6 SL 177.10 TGT 175.50
TK cross over so we expect more correction so go SHORT.
R-0070 Intraday Commodity Future Buy ZINC JUL Intraday Commodity Future Buy ZINC JUL @177-177.1 SL 176.30 TGT 178.30
MACD crossover indicates bullish signal so go long
R-0031 Intraday Commodity Fut Buy ZINC JUL (long)The chart looks positive followed by support at 175/173. MCX Intraday Commodity Future Buy ZINC JUL @174.95-175.05 SL 174.40 TGT 176.10
Support S1 175 S2 173
Resistance R1 179 R2 180
Zinc Trading Strategy & Tips with Hourly ChartAs per the above chart, the parallel channel’s uptrend line can use as a stop loss.
Hurdle: 162.6
Based on the current trend:
Uptrend targets: 165 – 170+
Based on Fib. Retracement:
Downtrend targets: 158.2 – 152.2 – 149.2
