AbhishekHSinghCMT
Long

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

NSE:HINDZINC   HINDUSTAN ZINC
1639 37 33
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!
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Nice Observation Sir.. :)
Reply
Going up.
Reply
AbhishekHSinghCMT RaghuveerMunipalli
@RaghuveerMunipalli, Yes as expected so every pullback -it will be an opportunity to buy Hindustan Zinc.
Reply
I am riding on it from 232 now zinc looks like a silver
Reply
@ashokakbari, Nice.
Reply
@ashokakbari, "Zince looks like Silver"- Kya Baat hai, Sir.
Reply
Sir, Shall we enter now, or wait for 229-230 levels
Reply
@stocktrade76, I gave entry yesterday between 229-231 - Sadly, you lost the opportunity of taking long positions. Market never waits for someone. You have to be superfast in taking your decisions.
Reply
I think you have picked this at very important junction. The pattern looks very Harmonic. On the weekly chart also if we measure Fibonacci levels then from the previous lows of 115-117 to the top of 333 level we are reaching at 0.5 retracement level near 225.
If you notice, Nifty made a low of 7893 which was near 0.5 Fib levels of 6825 (low) - 8968 (High) from there it reversed and made all time high.
We have very nice trade setup with SL below 220 -225 levels.
Thanks Again.
Reply
if not, we wait fr it to come down or what???
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out