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
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14:03 Hrs 19th June2017
Last Price@246
Crossed the trendline & started its up move
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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.
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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.
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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
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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.
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15:25 Hrs 20th June2017
Last Price@254
Pilot has made tank full
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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.
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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.
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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.
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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
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14:23 Hrs 3rd July2017
Last Price@267
Reached target of 267-268. Next Set of buying above 270.
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09:42 Hrs 4th July2017
Last Price@270.50
The Power Candle Starts
Trade closed: target reached
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07:27 Hrs 12th July2017
Done & Out
Comments
Eatsleeprepeat
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Hi @AbhishekHSinghCMT Its near to your target zone. Im expecting correction. Any view from your side
stocktrade76
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I was booked today morning at 259, is it comeback to 250 again for reentry
dmdindia
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WAVE COUNT ON COALINDIA ?
niksmooth
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It has come down from 200 DMA Twice. I think it will consolidate this month at 240 to 250 in june.
stocktrade76
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sir, now what is the support for hind zinc, I am in at 235
WaveTalks
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@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
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@AbhishekHSinghCMT, good to reenter? It's above 255.
WaveTalks
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@abhinavk31, No- It has already moved above 255 once & kissed 260 Target zone as suggested in the post 259-262.
abhinavk31
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@AbhishekHSinghCMT, SL of 267 is gud for this trade?