Last price -267.50@13:55 Hrs 6th July2017
It is slightly different from Head & Shoulder Pattern with single head. This one has double head.
Look we have a double headed monster who can eat zinc at 270. Oval shape shows how we got 230 to 270 moves in our favour. All the updates are mentioned below.
Below 268 looks weak for 265 & below 265 for more on downside.
Short term target shall be 265-265.50 - if sustains below 265 then we look for 230-235 back again (this target is only for patient traders not for all)
Zinc Coating 230-240
Zinc -You are back at 230
Zinc - Polarity Reversal 233-248
Running towards short term target of 265-265.50
Short Term Target Achieved at 265.70 as suggested in the update below 268
Short term Target done at 265.50
Next sell was below 265
We don't hurry in trades & shall wait for markets to show us the way. Next, we are looking for break of 265 then only we will be interested to come back.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
"if sustains below 265 then we look for 230-235 back again (this target is only for patient traders not for all"
sustains means should one wait for specific time frame candle to close below 265,
as a trade should one sell immediately on a breach of 265 in that case what would have been the stop
Secondly is there any android app of this site as I could find out only apple app.