In The Daily chart below of MCX Lead, we can see price has return after touching the resistance and made “Double Top”. Now it touched the support level of 115. RSI and Stoch is in oversold area, giving strong support to the price…
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IDBI is forming symmetrical triangle on daily chart. We can see that price has remarkably moved up in last couple of weeks, Now it is facing selling pressure around 65.20 . we expect price may take correction up to 63, before going to test resistance at 66, both side brackout will decide the upcoming trend.
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On the chart below MCX Gold Apr contract is forming a bearish divergence with RSI, while stochastic is flat at upper level,
we expect the price may correct downward soon. On the other hand 29000-29200 level is giving strong support to the price.
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