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.
Target 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)
Previous Updates Zinc Coating 230-240
Zinc -You are back at 230
Zinc - Polarity Reversal 233-248
Trade active
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15:11 Hrs 6th July2017
Last Price@266.50
Running towards short term target of 265-265.50
Trade active
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15:25 Hrs 6th July2017
Last Price@266.30
Short Term Target Achieved at 265.70 as suggested in the update below 268
Trade active
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14:26 Hrs 10th July2017
Last Price@269
Short term Target done at 265.50
Next sell was below 265
Trade active
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08:19 Hrs 12th July2017
Last Price@271
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.
Comments
stocktrade76
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Sir, I was from 264, can I came out tomorrow on Expiry or rollover for next series
stocktrade76
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Sir, Up to what levels Hind Zinc Moves here on
ndtv501
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Sir, today it breached 265 low touched 264.85
"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
Thanks
WaveTalks
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@ndtv501, No, please check again - I think it happened on 7th July2017 -it did not sustain & rushed upside.
ndtv501
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@AbhishekHSinghCMT, I am very SORRY that was my mistake
hotpot64
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When free, please have a re look at it, I think it is going 285 and then 300 +, thought it might take 1 or 2 months. I informed about this along with Larsen, both going strong today, I have at the moment larsen and infibeam, and short of nifty as a hedge. Lets see how everything rolls out
WaveTalks
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@hotpot64, Kindly read my update M333. I have also mentioned for 333 target - In case you have missed you read earlier updates - we are selling next only below 265.
hotpot64
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@AbhishekHSinghCMT, Can you please tell me how to locate update M333, Is there any way I can track on which post I have given what comments as it is difficult for me to track
Secondly is there any android app of this site as I could find out only apple app.
Thanks
WaveTalks
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@hotpot64, All earlier updates are mentioned above - even M333 is also mentioned above. There is only IOS app. TradingView is working on Android app.
stocktrade76
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Sir,it goes to 273, Is it a buy at current levels or pullback to 265 for sell ?