MCX Lead Short Term Bearish

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Posted by : Karan Hakim on | Feb 25,2015

MCX Lead Short Term Bearish

We maintain our bearish view in MCX Lead as prices are trading in a lower top and lower bottom formations continuously. It is trading with bearish biased too. We expect lead prices to trade lower and hence we recommend to go short on rise with stop loss above Rs.112.50 eyeing target at Rs.108.

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