angel_augustin

HINDZINC about to breakout from 4 year resistance.

Long
NSE:HINDZINC   HINDUSTAN ZINC
The stock has been constantly declining from 330-335 resistance level, but it has shown a rally towards trendline with a good amount of volume (forming a triangular pattern).
Also, we can see all time high after the breakout.
If the stock manages to sustain above 340 after the breakout, one can go for long term with the SL of 280 and TP for 380,420, 500.
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