AbhishekHSinghCMT
Long

Hindustan Zinc - You are back again at 230

NSE:HINDZINC   HINDUSTAN ZINC
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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.
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.

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.
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.
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.

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.
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.

Trade active: 09:39 Hrs 9th june2017

Last Price@236

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

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.
Trade active: 11:07 Hrs 9th June2017

Last Price@238

Wait for some visible momentum means some market buying only then we buy.
Trade active: 22:19 Hrs 13th June2017

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

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
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It is showing strength in weak markets. What to do?
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@niksmooth, Yes it is a buy call from 233 for 260+ & every pullback was an opps to buy only with short term sell in between.
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abhinavk31 AbhishekHSinghCMT
@AbhishekHSinghCMT, hi will it be wise to take position at 245 considering the stock has already rallied so much. I waited to enter based on your Friday's advice. Thanks
Reply
@abhinavk31, I never enter in between when market is running. You lost the turn when I gave to buy at 233. That was the level
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abhinavk31 AbhishekHSinghCMT
@AbhishekHSinghCMT, thanks for your reply...seems there's some correction hap...gud to enter below 240 if it falls to that level?
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Sir, will it hold above 245 today ,or pullback to 237 levels
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@stocktrade76, Yes it is a buy from 233 for 260+. You can't take new position in between.
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stocktrade76 AbhishekHSinghCMT
@AbhishekHSinghCMT, sir already taken @235
Reply
@stocktrade76, Good. Hold if move above 245-246 then moves to 248-50. Crossing 250 & above will take it to 260. Let us see where it is interested to move. You are in a comanding position.
Reply
Sir, will it above above 245 today ,or pullback to 237 levels
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