Hindustan Zinc- 245-Polarity Reversal.233-248 Clicked. Next 278

1147 33
Two similar structures shall give power to zinc before it explodes above 245 next.

Polarity Reversal
Why 245- 245 is the polarity reversal level because earlier it was good support & this time it acted as resistance. So, any level which changes role from support to resistance & vice versa is called polarity reversal level & if we talk about zone then it becomes polarity zone.

In Last update as soon as it started moving above 232-233- it moved to 238 first took a halt & then 245 -important level. Target zone of 244-248 was kissed later on moving above 248.

Zinc is taking rest so let it take rest before next explosive move 245- an important mark.

Target Zone could be 259-262. Above 262 - we shall look for 267-268 & above 270 -it can be 278-280.

Previous Update - Zinc you are back again at 230- Click the chart to read previous update

Trade active: 14:03 Hrs 19th June2017

Last Price@246

Crossed the trendline & started its up move

Trade active: 11:24 Hrs 20th June2017

Last Price@246.65

You have to always keep in mind previous highs which stopped Hind Zinc as well at 248 @20th June2017 - Day High till 11:25 Hrs of the day.

In earlier updates I have suggested that it can stop at 248-250 levels.

Trade active: 14:52 Hrs 20th June2017

Last Price@451

Day High@451.85 close to 452 - Book Partial Profits Here as well & join rally above 452 once crosses or at some pullback.
Trade active: 15:09 Hrs 20th June2017

Last Price@253.45

It has crossed 252 - Moving like a rocket & we are back in the cockpit- what a timing at 252 before it takes off.

Comment: 15:13 Hrs 20th June2017

Typing error in 14:52 Hrs update above - prices mentioned as 400 + correction all prices are in 200 + Apologies for typing mistake.
Trade active: 15:25 Hrs 20th June2017

Last Price@254

Pilot has made tank full

Trade active: 11:23 Hrs 21st June2017

Last Price@253.70

One should book partial profits in the zone 253-254 & continue next long only if crosses 255 -& sustains above that level or we expect a pullback. Can't tell the zone as it is pretty unclear at the moment.
Trade active: 13:21 Hrs 21st June2017

Last Price@252

254-255 is sitting on head of the zinc. As expected, zinc did not cross 255 mark & struggled in 254-255 zone to fall at current lows of 252. Pullback started from the desired zone.

Trade active: 08:16 Hrs 22nd June2017

Last Price@248-249

Thanks God, We exited here as well at 253-254 if channel supports between 244-245 then look to buy the next - There is big "but-if". Do your own analysis.

Trade active: 09:54 Hrs 28th June2017

Last Price@256.60

Magical Channel Top Kissed at 260 - Target Zone 259-262 is done at day high@260

Trade active: 14:23 Hrs 3rd July2017

Last Price@267

Reached target of 267-268. Next Set of buying above 270.
Trade active: 09:42 Hrs 4th July2017

Last Price@270.50

The Power Candle Starts

Trade closed: target reached: 07:27 Hrs 12th July2017

Done & Out
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Hi @AbhishekHSinghCMT Its near to your target zone. Im expecting correction. Any view from your side
I was booked today morning at 259, is it comeback to 250 again for reentry
It has come down from 200 DMA Twice. I think it will consolidate this month at 240 to 250 in june.
sir, now what is the support for hind zinc, I am in at 235
@stocktrade76, Support is not clear at the moment but surely one should book partial profits between 253-254 & wait for prices to cross 255 & sustain above that level for next long position.
abhinavk31 AbhishekHSinghCMT
@AbhishekHSinghCMT, good to reenter? It's above 255.
@abhinavk31, No- It has already moved above 255 once & kissed 260 Target zone as suggested in the post 259-262.
abhinavk31 AbhishekHSinghCMT
@AbhishekHSinghCMT, SL of 267 is gud for this trade?
@abhinavk31, Don't trade at higher rates.
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