MrAkshatP

HINDZINC on crucial level { Must be on watch list }

MrAkshatP Updated   
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

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