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MCX ZINC commodity tips, Will favor bulls once closes above 142.50.


MCX ZINC




  • MCX ZINC is moving in a down channel formation, commodity is now trying to come out, will favor bulls once Zinc closes above and stays above 142.50. If moves then will find next strong resistance around 145.
  • Chart also indicates stock is moving up from 100 days moving average, as long as holds above bulls will be favored.
  • Recently stock is moving up from support @ 134.50 its 50% fibonacci retracement, as long as holds above 134.50 short-long term traders will be favored.
  • Commodity tips.
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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.