Hindustan Zinc - You are back again at 230

Jun 7, 2017

Moving above the falling trendline & holding 225-230 at downside- I shall look for 244- 248 Target Zone Next Above 250 for 257-260 Target Zone & Above 260 - Up -Up & away if extends above 260 & holds above that level else be happy & trade happy.

Previous Update M333 with Zince coating.

Jun 8, 2017

Trade active

09:53 Hrs 8th June2017

Last Price@236

It has crossed falling trendline & passed time between at 233-233.50 & Now Go Man Go.

Jun 8, 2017

Trade active

10:26 Hrs 8th June2017

Recent Jump to 237

Current Price@236.85

Can do sideways to downside pullback but bias is positive now -sooner or later zinc should head upside again.

Jun 8, 2017

Trade active

10:35 Hrs 8th June2017

Last Price@237.50

Book Partial Profits & we want next to move above 240 or we will try to buy again at pullback.

Jun 8, 2017

Trade active

11:18 Hrs 8th June2017

Last Price@236.90

Pullback done to recent low@236 - move above 237 we have target of 239-240 if holds then we book & out again.

Jun 8, 2017

Trade active

11:54 Hrs 8th June2017

Last Price@237.30

Went to highs of 237.70 but struggling at the moment so we keep stops at cost price@236.90 - lose nothing or gain if target 239-240 hits upside.

Jun 8, 2017

Trade active

12:55 Hrs 8th June2017

Recent High@238.50

Zinc looking tired of upside since morning from 233. So, any next move will start only above 240 or we wait for pullback below 237 & sustains below 237 for correction.

If in the pullback it comes close to our starting point 233-234 -we should keenly watch for bulls coming again. Take Care for the day. Trade Carefully.

Jun 9, 2017

Trade active

09:39 Hrs 9th june2017

Last Price@236

As expected for pullback it has started from 238.50 - Mini Double Top

Jun 9, 2017

Trade active

09:58 Hrs 9th June2017

Last Price@237

We are not trading this correction as we don't know what type of correction it will be. I am always against of predicting correction- as it is sheer waste of time & energy. We all know trend is our friend so we should wait for clear breakouts of the choppy zone to trade for upside.

Only extreme risk takers who can afford to lose in the trade they only trade with stops above 238.50 for 233-234.

Jun 9, 2017

Trade active

11:07 Hrs 9th June2017

Last Price@238

Wait for some visible momentum means some market buying only then we buy.

Jun 13, 2017

Trade active

22:19 Hrs 13th June2017

Kissed 248 Target Zone & Had a fall to 244 lows. Next Above 250 -next set of buying