Hindustan Zinc - Harmonic M 333 with the Zinc Coating at 230-240

Zinc has an excellent corrosion resistance property hence used as preferred coating material in industries. Galvanization is the process of applying a protective zinc coating to steel or iron, to prevent rusting so we enjoy but I will excited if this coating goes off which is artificial to expose it's real beauty.

So, we want this coating to go off above 250 on sustained basis & may it shine again.

Since, early 2017 it has been falling from 333 Highs. A harmonic pattern could complete in 230-240 - "Most important- which trader forgets is we wait for market confirmation before even trying our hands".

We want prices to halt between 230-240 -Hold & show us the way upside - preferably moving above 250 to give us confidence that it can shine again at 333+

Trading Strategy
Looking for a move above 250+ for us to initiate the long positions or risk taker can check the zone 230-240 for possible reversal- if happens else throw this analysis & move forward.

Trade active:

13:29 Hrs 24th April2017

Day Low@230.15

Last Price@232.50

Kissed the bottom of the zone 230-240 - Now we want to see reversal to get some hope for upside else falling below 230 -we will have wait & watch.

Trade active:

11:50 Hrs 25th May2017

Last Price@233

Started giving signs of hope. Holding 427 on downside - we should look for higher targets in Zinc.

Give me the Zinc Power!

Comment:

11:52 Hrs 25th MAy2017

Sorry for typo above - it is 227 instead of 427

Trade active:

12:17 Hrs 25th May2017

Analysis is based on cash market price.

Last Price@234

If Zinc comes in 229-231 zone - if takes support -Then with stops below 226.50 we will initiate long call.

Trade active:

11:11 Hrs 26th May2017

Last Price@243.40

Boom -it came close to desired zone of 229-231 at 232.50 -early morning opening session.- Awesome

Trade closed manually:

12:51 Hrs 26th May2017

Last Price@240

Closing this call as well. Kindly monitor yourself.

Comment:

This stock was awesome pick at 230-235 zone.

Comment:

13:48 Hrs 28th Sep2017

Last price@292

Hind Zinc went so close to 333 - Made Recent Highs of 315 from 230-240 - Move of 75 points . Wow!