Buy Lead & Zinc

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d_s_ramesh

Well-Known Member
#1
#1
Daily charts of lead and Zinc have turned bullish with a close above their averages. Both the markets are trending, hence a turnaround will see a good bullish move. The weekly charts have strong bearish undercurrent, on this context. the current up move will give opportunities to short at value zone on the weekly.

Lead buy above 84.25 with a stop of 5.65 points from entry and a target between 87.65-92.50.
Buy Zinc above 85.60 with a stop of 6.00 points from entry and a target between 90.50-94.75, needs exit on weakness on the daily charts.

As the daily MACD Histogram show massive strength on the bullish side, we can hold the position till a weakness surfaces here.
 
R

rkkgs

Member
#2
#2
d_s_ramesh said:
Daily charts of lead and Zinc have turned bullish with a close above their averages. Both the markets are trending, hence a turnaround will see a good bullish move. The weekly charts have strong bearish undercurrent, on this context. the current up move will give opportunities to short at value zone on the weekly.

Lead buy above 84.25 with a stop of 5.65 points from entry and a target between 87.65-92.50.
Buy Zinc above 85.60 with a stop of 6.00 points from entry and a target between 90.50-94.75, needs exit on weakness on the daily charts.

As the daily MACD Histogram show massive strength on the bullish side, we can hold the position till a weakness surfaces here.
Click to expand...


Hello bro ..
i am watching in ur calls...
 
D

d_s_ramesh

Well-Known Member
#3
#3
Thank you Brother, do watch, get to know the intricacies and along with that do your own research, learn and only then commit capital. Commodities market is riskier than equities, there are possibilities of big swings in short durations.

I believe you get the most knowledge from your learning.
 
D

d_s_ramesh

Well-Known Member
#4
#4
Both Lead and Zinc trades filled and positions trailing on close. Maintain stop loss for point trades, market shows strength along with indicators.
 
D

d_s_ramesh

Well-Known Member
#5
#5
Both Lead and Zinc have reversed their direction. Exit long and reverse to short in ZINC below yesterday's low while LEAD goes off trend.

Lead exit long at 79.00.
Zinc SAR @ 80.10 with a stop of 86.10.
 
Tradejack

Tradejack

Active Member
#6
#6
Guide me

Hi ramesh. U r luking very expert in metals.can u guide me how and where to trade in mcx.i m new to commodity but having exp. in equity.i have 25000 in my a/c
 
D

d_s_ramesh

Well-Known Member
#7
#7
Metals is a big market either basic or precious. It needs big capital to trade too. Well thanks for your compliments tradejack. My way of trading is keeping risk at a very low levels. Still if you want to trade metals with 25k, my only opinion is with Gold Guinea.

It is a very small value product, but only that will suit small capital. Even GOLDM for me needs more than a lakh of capital.

If you have an idea to trade GG send a PM.
 
Tradejack

Tradejack

Active Member
#8
#8
Re: gold guniea

Thanks ramesh for ur advice for gold guniea.if u dont mind can u elaborate with example price ,lot size,margin and profit calculation of gold guniea
 
D

d_s_ramesh

Well-Known Member
#10
#10
Price of GG is at present close to 15000 per 8 grams. One unit of 8 grams is equal to 1 lot. Margin is Rs. 500 plus per lot. This is the lowest contract available on the MCX exchange as of now and has liquidity too.
 
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