Hindustan Zinc is inside a channel where price is lil far away from bottom line and has made double bottom which indicates down trend is weak... But price is getting rejected from 247 which is a resistance level...
If price breaks 247 and sustain above that then we can consider it as a confirmed breakout..
In case of Breakout my targets will be ...
HDIL has made a cup with symmetric triangle formation ...and somewhat at bottom trendline, looks like a double bottom...
If it gives breakout and crosses the resistant line then we may see big upside....
Short term target are 92/95
SL 90
I will update longer target if breakout happens.. :D
Note: Do your own study before making any position...
Please...
DHFL has made a breakout today...
Targets are 470/485/500/525+ and,
SL will be 450
Note: Do your own study before making any position...
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Federal Bank is constricting .... very soon we may see a big move...
RSI is also in a range...
If Federal Bank gives Breakout and crosses 120 and sustain above there ... Target will be 125/137/150
and SL will be 115 .... Risk Reward ratio is perfect...
And, If it gives Breakdown (chances are less) targets will be.. 112/107/100 and SL will be 118 ......
