HINDZINC, MAJOR MOVE POST 225.5 (CHART# 340) Long

HINDUSTAN ZINCNSE

Description

⋅ Oct 20, 2020 5:05 PM

As explained on chart, HINDZINC is showing intersection of 3 TL/Patterns and move above 225.5 can be good. If sustains & close above 226-27 then can be taken as positional as well.
Blue trend line running since Apr'18
Pink horizontal support/resistance line running since May'17
Flag pattern as highlighted in yellow.

Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators.

Thanks
Piyush Gupta

Chart Patterns

Comments

ArvYadav07

⋅ Oct 21, 2020 1:02 PM

After its breakout...added for short term sir... :)

Piyush-Gupta

⋅ Oct 21, 2020 2:36 PM

@ArvYadav07, I had no clue this had some news today. Gapup spoiled some fun but intraday pattern gave good move.

ArvYadav07

⋅ Oct 21, 2020 2:39 PM

@Piyush-Gupta, sir company declared Rs. 21.5 / share dividend yesterday. Biggest ever in last 12 years

AayushAnand16

⋅ Oct 21, 2020 4:36 PM

Cool