metals are getting cold.metal stocks and index are not looking good for longs right now with global slowdown especially with china slowdown . any positive news from china for real estate sector will bring boost to metal prices.its not TA or FA but a opinion . avoid ferrous metal contracts/stocks . when time comes for long zinc/magnesium/coppper/aluminium are the ones that perform better than any other.
: just a educational guess and not a trading call for buy or sell.
HINDZINC
HINDUSTAN ZINC POSSIBLE ELLOIT WAVE COUNTSHINDUSTAN ZINC LTD after so many year of consolidation have shown huge volume and workout from 300 to almost 900 there after it come to retracement in range of 480 to 500.
Breakout with huge volume and future prospects and vision of company it may reach target's as shown in chart analysis.
Hindzinc- Do not miss this multiyear consolidation breakout!Hindustan zinc has given big breakout of inverted head and shoulders pattern in monthly time frame. A monthly closing above 330 would confirm the same.
This breakout is mainly because of the shooting zinc prices and growing war tensions.
350-370 is the best price to accumulate the stock.
The volumes are also at multi year high.
If you trust anil agrawal's vision and are a dynamic investor, do not miss this stock in your portfolio for potential multibagger returns.
Golden Crossover - HINDZINC📊 Script: HINDZINC
📊 Sector: Non Ferrous Metals
📊 Industry: Mining / Minerals / Metals
Key highlights: 💡⚡
📈 Golden Crossovers are seen into the Script.
📈 Golden Crossover is where slow moving average line crosses fast moving average above.
📈 Although Script is trading at All Time High we may see some bullish rally.
⏱️ C.M.P 📑💰- 431
⚠️ Important: Always maintain your Risk & Reward Ratio.
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HINDZINC | Swing Trade📊 Details
Incorporated in 1966, Hindustan Zinc has a rich experience of more than five decades in Zinc- lead mining and smelting.
Ranked #1 in the Metals and Mining Category in Asia Pacific in Dow Jones Sustainability Index 2019, HZL is one of the lowest cost producers of zinc globally and it is India's Only Integrated producer of Zinc, Lead, Silver.
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HINDUSTAN ZINC - CHART ANALYSIS - 11.01.2023 - BAHAVAN CAPITALHINDUSTAN ZINC as per day chart analysis
Stock ABOVE 345 TARGET 350
Once again FII Net selling had increased today at 2109.34 Cr and FII Net buying was at 1806.62 Cr.
From Jan 2nd - Jan 10th in these 7 trading sessions alone FII Net selling at 10125.91 Cr and DII Net Buying at 6286.99 Cr.
Bank Nifty looks weak with support at 41569 / 41295.
Nifty looks weak with Support at 17771
Happy Profitable Trading to all...
HINDZINC Trend and Fundamental AnalysisFundamental Analysis:
1) Segment - Zinc- lead mining and smelting
2) PE -11.1
3) Debt to Equity - 0.08(Promoter pledged 85% of share)
4) ROE -28
5) Sales Doubles in last three years
Trend:
unable to close( monthly TF) above the previous swing high ( lot of rejection)
Rejection from level of 1.236 level of FIB.
Two possibility from this level
option 1: Since it took a support from trend line , It can move higher from this level
Stop loss- 245
Target -415
Option 2:
It make break the trend line and move downward
Target -218(0.5 level of Fib)