EquityPandit’s Outlook for Lead for the week  (Mar 18, 2019 – Mar 22, 2019) :

LEAD:

Technically on the daily charts we see minor support on the downside for Lead Mcx Future lies in zone of 135-134 levels, whereas minor resistance on the upside is capped around 150 – 151 levels.

If Lead Mcx Future breaches minor support on the downside and closes below it we may see fresh break down and Lead Mcx Future can head towards major support on lower side around 128-129 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and Lead Mcx Future can head towards higher levels around 159- 160

Currently Lead Mcx Future is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 159- 160 on upside and 128-129 on downside.