Lead

Lead 8/21/2018 10:08:00 AM
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Technical outlook

Lead daily chart has formed “Rectangle chart” pattern. The last few sessions ended up bearish in trend too as the prices have already broken out an interim support slope line inside the channel. The market is expected to continue on the bearish momentum, testing all the way through 135.50-134 levels in the upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over positive momentum along the way. The correction rally could test 139-140 levels. Key resistance holds at 144 and support at 134.


Research Report call:

Technical Chart:
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Lead 8/20/2018 9:22:00 AM
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Technical outlook

Lead daily chart has formed “Right angled descending broadening wedge” pattern. The last few sessions ended up bearish in trend too as the prices have already broken out the channel’s support slope line. The market is expected to continue on the bearish momentum, testing all the way through 138-136 levels in the upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over positive momentum along the way. The correction rally could test 140-141 levels. Key resistance holds at 144 and support at 136.


Research Report call:

Technical Chart:
lead-chart
Lead 8/17/2018 9:54:00 AM
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Technical outlook

Lead daily chart has formed “Right angled descending broadening wedge” pattern. The last session ended up bearish in trend too as the prices have broken out the channel’s support slope line. The market is expected to continue on the bearish momentum, testing all the way through 138-136 levels in the upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over positive momentum along the way. The correction rally could test 141-142 levels. Key resistance holds at 144 and support at 136.


Research Report call:

Technical Chart:
lead-chart
Lead 8/16/2018 10:13:00 AM
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Technical outlook

Lead daily chart has formed “Right angled descending broadening wedge” pattern. The last session ended up bearish in trend retesting near the channel’s support slope line. The market is expected to continue on the bearish momentum, once the same breaks below a key support zone holding near 144. The downside rally could be testing all the way through 142-140 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 147-149 levels. Key resistance holds at 149.


Research Report call:

Technical Chart:
lead-chart
Lead 8/14/2018 10:05:00 AM
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Technical outlook

Lead daily chart has formed “Right angled descending broadening wedge” pattern. The last session ended up bullish in trend after retesting near the channel’s support slope line. The market is expected to continue on the bullish momentum, once the same breaks above a key resistance zone holding near 148. The upside rally could be testing all the way through 150-152 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 146-144 levels. Key support holds at 144.


Research Report call:

Technical Chart:
lead-chart
Lead 8/13/2018 8:30:00 AM
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Technical outlook

Lead daily chart has formed “Right angled descending broadening wedge” pattern. The last few sessions ended up bearish in trend near the channel’s support slope line. The market is expected to continue on the bearish momentum, once the same breaks below the key support zone holding near 144. The downside rally could be testing all the way through 142-140 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The downside rally could test 146-148 levels. Key resistance holds at 148.


Research Report call:

Technical Chart:
lead-chart
Lead 8/10/2018 10:23:00 AM
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Technical outlook

Lead daily chart has formed “Right angled descending broadening wedge” pattern. The last few sessions ended up bearish in trend near the channel’s support slope line. The market is expected to continue on the bearish momentum, once the same breaks below the key support zone holding near 144. The downside rally could be testing all the way through 142-140 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The downside rally could test 146-148 levels. Key resistance holds at 148.


Research Report call:

Technical Chart:
lead-chart
Lead 8/9/2018 10:01:00 AM
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Technical outlook

Lead daily chart has formed “Right angled descending broadening wedge” pattern. The last session ended up bearish in trend after few positive rallies near the channel’s support slope line. The market is expected to continue on the bearish momentum, testing all the way through 145-144 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 148 then it might turn bullish once again. The upside rally could test 150-152 levels. Key support holds at 144.


Research Report call:

Technical Chart:
lead-chart
Lead 8/8/2018 10:20:00 AM
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Technical outlook

Lead daily chart has formed “Right angled descending broadening wedge” pattern. The last few sessions ended up bullish in trend after retesting near the channel’s support slope line. The market is expected to continue on the bullish momentum, once the same breaks above the key resistance holding at 148. The upside rally could be testing all the way through 150-152 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn to bearish. The downside rally could test 146-144 levels. Key support holds at 144.


Research Report call:

Technical Chart:
lead-chart
Lead 8/7/2018 10:02:00 AM
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Technical outlook

Lead daily chart has formed “Right angled descending broadening wedge” pattern. The last few sessions ended up consolidated but bearish in trend and retesting near the channel’s support slope line. The market is expected to continue on the bearish momentum, once the same breaks below the key support holding at 144.50. The downside rally could be testing all the way through 142-140 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn to bullish. The upside rally could test 148-150 levels. Key resistance holds at 150.


Research Report call:

Technical Chart:
lead-chart