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Piyush-Gupta
May 24, 2020 3:04 PM

HINDZINC, Nearing breakdown levels Short

HINDUSTAN ZINCNSE

Description

HINDZINC has been hovering around same levels for a while and looks promising for breakdown.
If moves below 163.8 then it can see fall.
Safe traders should should wait for 162.5 as that is its last support point in mid term.

If market turns out weak on Tuesday then it will one of the high probable trade.

Price action is very simple to understand and main focus is price/patterns. Keep your chart clean and free from indicators, follow same process daily to get good results.
If you wish to learn simple price action trading process (strategy seekers kindly excuse), kindly reach out.
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Comments
Suyog321
Awsome anaysis sir! If market opens major gap down then we should patiently wait for the restest right ?
Piyush-Gupta
@Suyog321, yes you got it.
If opportunity is lost due to gap up or down and no retracement then it's better to stay away as your stop loss will be big
directsanjay
This is good.
jkreddy
Awesome sir!
murugavelshanthi68
good analysis, give more analysis
Piyush-Gupta
@murugavelshanthi68, 5 charts are posted for Tuesday. Rest will be shared with group
Check my profile status to join
abhirajd2012
@Piyush-Gupta, do you have any Telegram channel or something..?
SairamParamasivam
@Piyush-Gupta Nice analysis sir.
Piyush-Gupta
Chandruuu
Will be in my watchlist. U r so good at this.
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