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

ZINC:

Technically on the daily charts we see minor support on the downside for Zinc Mcx Future lies in zone of 184- 185 levels, whereas minor resistance on the upside is capped around 204- 205 levels.

If Zinc Mcx Future breaches minor support on the downside and closes below it we may see fresh break down and Zinc Mcx Future can head towards major support on lower side around 175- 174 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and Zinc Mcx Future can head towards higher levels around 218- 220

Currently Zinc 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 218- 220 on upside and 175- 174 on downside.