mcx lead weekly technical analysis for 14 to 18 march 2016
Mcx lead future this week closed with loss. After last 2 weeks gain we saw some profit booking in this base metal though price trend and momentum still bullish. For next week,resistances are at 125 and then 131. On downside 120 rupees is strong support. Above it outlook remain bullish and strategy remain buy on dips. Mcx lead had achieved my given tgt 125 and above it expect next tgt at 131. Below 120, lead price become bearish and enter in downcycle.