Zinc - broke the support level

78 0
The scrip can go up and touch resistance levels again..
Call = 40-60 days
Good dividend paying company with fine fundamentals..I feel it is worth investing
Trade active: Scrip is facing strong support resistance at 246-247 and the scrip can move now towards resistance levels
Trade active: Booked partial profits today..
Nevertheless, Scrip might take short dip/correction as uptrend by bulls appears strong due to which bearish divergencies arent working now
If it manages to move upwards from %william as shown in screenshot, Journey towards resistance level should be seen soon
Trade active: Scrip might take short reversal until it reaches resistance 1 levels - 284-289
However, Beware of hanging man type candlestick where highs and lows remain the same as seen in chart near 320 when the scrip was at highs which is warning of a potential reversal downward
Also, Resistance 1 could act as crucial resistance when the scrip could either breakthrough with bullish uptrend or reversal could be in sight..
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