AkshatPatwa

HINDZINC on crucial level { Must be on watch list }

NSE:HINDZINC   HINDUSTAN ZINC
Hindustan Zinc is inside a channel where price is lil far away from bottom line and has made double bottom which indicates down trend is weak... But price is getting rejected from 247 which is a resistance level ...

If price breaks 247 and sustain above that then we can consider it as a confirmed breakout..

In case of Breakout my targets will be 255/268/282/290+ where as SL will be 240 just below that resistance which could definatly act as support if price sustain above those levels...

And ,

If price break the bottom support region 230-220 (chances are less) then we can consider, it will follow downtrend with the channel... So, in that case target will be 212/200/190 and SL : 225

In both the cases Risk Reward Ratio is favourable...

Note: Do your own study before making any position...

Please Like, Follow and Comment your views below...
Trade active
Trade active
Trade active: Breakout....
Trade closed: target reached: Breakout!! Get Set Buy :D
Trade active: Breakout!! Get Set Buy :D
Trade closed: target reached: target 1 255 reached :D
Trade active: heading towards 2nd target :D
Trade closed: target reached: second target reached...
Trade active: revise SL for 3rd tgt
Trade active
Trade active: rising high..
Trade active
Trade active: near to hit 3rd tgt
Trade closed: target reached: 3rd target reached :D :D :D revise SL for 4th :D
Trade active: very near to 4th come on baby 5 pts more to hit 4th tgt :D
Trade closed: target reached: All targets are achieved :D :)
Trade closed manually: All targets are achieved :D :)
Trade closed manually: All targets are achieved
Awesome Bro ..
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Sir,Can I buy at this level or buy after 247
Reply
AkshatPatwa stocktrade76
@stocktrade76, buy with strict SL
Reply
AkshatPatwa stocktrade76
@stocktrade76, how much profit u made ? :D
Reply
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