We are approaching the crucial level in Zinc Mcx according to Elliott Wave Analysis from where we can witness a good trading opportunity, as per our latest closing on 12-10-2018 we have two scenarios working out for zinc so let me explain:
(scene 1)
We can start drifting lower from here i.e cmp 197 and we hit for our technical target of 181-176 in days to come.
(scene 2)
Well, this gets me excited now from here on we witness a rally in Zinc where we take out the previous highs at 204.15 meets its resistance and then we have a magnificent pull back.
But in Both the scenarios we have the stop-loss placed safely 206.25 kindly note this is on the closing basis if we break it intra-day and heads back lower we will be in the trade.
so cheers happy Trading
Trading with Abi
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