HIND ZINC reversal for NEW ATH CMP : 550
made really good base and broke out of consolidation with good volumes.
a weekly closing above 550 will solidify its base.
targets and sl shown in chart.
time frame 111 candles/6months to 1 year.
NOTE : JUST A EDUCATIONAL IDEA and NOT A TRADING, BUY/SELL IDEA/TIP.
DISCLAIMER : i hold hindzinc so view can be biased.
HAPPY DANTERAS , HAPPY DIWALI.
Hindzincbullish
HINDZINC : In BULL RUN Currently.Strong MACD, StocRSI parameters, and the recent pullback show that if the trend continues for the short term, we can see the Scrip hitting the two target levels. The Parabolic SAR has already given a BUY signal, with all parameters in tandem we can see the same happening.
More Over the Metals segment has taken a strong recovery, and more so on the backdrop of 1.3 Trillion Dollar Infrastructure Boost in US, we can see the global commodity prices pumped up.
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Hind Zinc Above Resistance price above resistance and and looks good now .
we will enter at the retest of the zone.
no need to panic when price is settle in the support zone. we may see some wick down so we will add some at the support of trend line (yellow line)
Buy : 210 - 220
Stop : 170
Target : 250 , 270 , 290 , 350