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nipun_garg7383

Hindustan zinc, Up move or Down move ?

HINDUSTAN ZINC (NSE:HINDZINC)  
nipun_garg7383  
NSE:HINDZINC   HINDUSTAN ZINC
Trend Analysis Chart Patterns Technical Indicators Technical Analysis candestickpatterns stocktrading uptrend sidewaysmovement
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trendanalysis chartpattern indicator technicalanalysis candestickpatterns stocktrading uptrend sidewaysmovement
As of 18/5/2021
Pattern formed: Ascending triangle
Candlestick pattern formed: Bullish marubozu
Resistance level (arround 322-333 price levels) : Tested 3 times.

NOTE: Resistance level and ascending triangle pattern both broken with high volume on 18th May 2021.

RSI: Above 60
MACD: Shorl length line over long length line
Trend pattern: Sideways

According to Technical Analysis: Stock will move upward.
According to personal observation: Stock will correct up to price levels of around 332-334 before moving in any direction.

Result: Wait for correction.

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