EquityPandit’s Outlook for Lead for the week (Mar 11, 2019 – Mar 15, 2019) :
Technically on the daily charts we see minor support on the downside for Lead Mcx Future lies in zone of 140- 142 levels, where as minor resistance on the upside is capped around 154 – 155 levels.
If Lead Mcx Future breaches minor support on the downside and closes below it we may see fresh break down and Lead Mcx Future can head towards major support on lower side around 134- 135 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and Lead Mcx Future can head towards higher levels around 159- 160
Currently Lead Mcx Future is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 159- 160 on upside and 134- 135 on downside.