The price of Zinc witnessed a pulled back towards its neckline support level of Rs 101.55 levels after giving an inverted head & shoulders breakout during yesterday’s session. The pullback witnessed during the previous session was also on the back of declining volumes which is a clear sign that the price of Zinc did not face any real supply pressure. The momentum indicators are still in buy mode. Hence, traders can buy between Rs 102.10--Rs 101.25 levels with a stop loss placed below Rs 100.45 levels for targets of Rs 102.75/103.50 levels.
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