From the current level of ₹183.50, the nearest support is at ₹182 followed by ₹180.50, where lead futures is expected to meet a rising trendline support
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Lead futures, currently trading at ₹183.50 (per kg), marked a six-month high of ₹184.50 on September 15. Since then, the price has largely been trading in a range.
The chart shows that lead futures face a strong barrier at ₹184. Although the trend has been bullish since April, there is a good chance for the contract to see a decline, at least temporarily.
From the current level of ₹183.50, the nearest support is at ₹182 followed by ₹180.50, where lead futures is expected to meet a rising trendline support. A breach of this can turn the outlook bearish, potentially resulting in a drop to ₹176.
On the other hand, if lead futures extends the uptrend and decisively breaks out of ₹184, it can trigger another upswing to ₹187 and then possibly to ₹190.
Overall, as it stands, the broader uptrend is valid. However, we expect a temporary drop in price to ₹180.50-181 price region.
Trade strategy
Short lead futures (Sep) now at ₹183.50 and place a stop-loss at ₹184.60. When the contract slips to ₹182, trail the stop-loss to ₹183. Book profits at ₹181.
Published on September 25, 2025