Lead future daily chart technical analysis
Lead future on Friday closed at 137.85 with loss. In this week lead future was up for 2 days and down for 3 days. Here we saw major breakdown below 139 rupee and lead future hit low of 136 rupees. Below 139 expect downtrend and bearish targets of 131 and below. But daily chart indicators are deeply oversold so expect bounce back and then next major move.
Lead future weekly chart technical analysis
Mcx Lead future this week closed with loss. This was second weekly loss for lead future and in these 2 weeks lead future tumbled from 145 high to low of 136 rupees.
From long term view, mcx lead given bearish breakdown below 154 and on downside first bearish target was around 137.5 which is done by lead future and if sustain below 137.5 then expect next bearish trend target around 115 rupees.
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