Tested crucial level.
Will take a good move from here.
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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If...
HINDZINC can given good upside breakout above 333-337 levels.
can move towards upper FIBO LEVELS in coming days.
Resistance - 351.1, 377.30 , 390.20
View Negates below - 319.50 levels.
HIND ZINC (NSE CASH)
CHART ANALYSIS
LTP: 309.85
SUPPORT: 305.25 (309.01 ACCORDING TO 20 DEMA)
RESISTANCE: 321.90 / 329.30
RISK TO REWARD RATIO IS APT
RSI IN DAILY CHART IS IN A STRONG UPTREND AND IS ABOVE THE 50 MARK IN OTHER PERIODICALS
329.30 LOOKS LIKE A BREAKOUT LEVEL WHICH MEANS THAT THE CHARTS WILL MAKE NEW HIGH ONCE IT CROSSES AND TRADES ABOVE 330
CHART IS...
Note: This is for educational purpose only.
As described on chart, there is an ascending triangle breakout with ultra high volume. RSI above 60 indicates bullish momentum.
