20 MCX - Zinc

MCX Zinc is beaten enough on charts and has already tested bottoms. RSI is in over sold zone and MACD is also bending upwards.

I will open Zinc next week if it manages to break above 101.60 for a target of 105.11, 107+ with stop loss of 98.50.



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20 comments:

  1. i have long position in zinc...hold or out..in positions..

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  2. @ Krishna, Please follow instructions mentioned above. As of now its neither in buy nor in sell. I will enter only when there is break out mentioned in my call and i will follow the same..

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  3. nidhi ji my zinc buy 101 pls help me..

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  4. @ Anuj - Zinc is buy only above 101.60 and there is nothing much i can do here. If you want you can hedge your positions and remove the same when it manages to cross 101.60.

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  5. Zinc is back on fire. If it manages to cross 101.60 then this is definitely going to be a sure shot call and I will open this trade on this break-out

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  6. Yesterday Zinc made high 102.80 and closed at 102.55...Enjoy!!!!

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  7. Pls give some info about crude when to enter the trade

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  8. @ Prashant - I don't know what's happening in Crude but technically speaking its in no trade zone for me. I will only Long Crude at 4450 when i will see it has taken support otherwise i will avoid. There is no point raising risk and loosing our hard earned money.

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  9. Zinc has taken very good support. It could not break 101.60 at lower side which was earlier our resistance. Closed at 102.20 and made high 103.10. I have modified my stop loss now to 101.50 and holding my positions. Enjoy!!!!

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  10. at what level to enter in trade for silver

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    Replies
    1. @ Prashant - I am waiting for silver to come down in range of 56400 to 56500 then only i will initiate any call in silver. As of now, i don't have any view/Call on Silver

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  11. Zinc is traded at Day high 103.30...I got actually scared when Zinc came down yesterday but now its in-line with what we predicted and traded. I am still holding my positions and waiting for targets. Enjoy!!!!

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  12. The moment Zinc will cross its next barrier i.e. 103.50, it will move fast towards our TG1 105.11 and that's where I will lock my 50% profits...Till then I am holding with Trailing stop loss now as Cost to cost i.e. 101.60..Enjoy!!!

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  13. Yesterday Zinc made high 103.90 and closed at higher side 103.90...Enjoy!!!!

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  14. ZINC CMP 103.90...Modify Stop loss now to 103 and book 50% at TG1.

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  15. Zinc Target achieved on Diwali day 105.10 and I have booked in full. Enjoy this huge profit from 101.60 to 105.10...Enjoy!!!

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  16. Although we booked at TG1 but zinc today touched 106.60 almost our TG2...

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  17. Zinc Made high 110.65 and closed at 110.20...Enjoy!!!

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  18. i am bearish on zinc as it is weak below 109.90 with sl 110.60. Nidhi Di, what is your view ?

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  19. Its bearish but if you want to have a sure shot sell then short below 107.95 for targets of 105.70, 103.50 stop loss 110.90....

    ReplyDelete

Thanks for giving your valuable inputs, TRENDGURUS

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