11 Oct 2021 ● 08:05 AM
Lead has formed series of 1-2s which means multiple 3-4s are likely to play out in the weeks and months to come. Also, Lead has been moving higher in a rising channel. Recently, it bounced back from the lower end of the rising channel and in Friday's trading session, it closed above the 40DEMA. It is possibly starting its next leg of up move which can push it higher towards the upper end of the channel which is currently pegged at 2600. The low of 2131 shall be a crucial support level on the way down.