HINDZINC - has shown a great move after it's fourth breakout.
It has also broken the 50 SMA resistance at the third try with great volume, so it should now act as support. The stock might also have found itself a new trendline. The stock is now headed to fill the gap 321-325 levels.
Don't sell before it.
As per chart it is clear that breakout above 330 does not sustain and the price is back in channel ......i will go short tomorrow around 328 for the immediate target of 318 with stop loss 332.
Watch out for NSE:HINDZINC if tomorrow it breaks 328, it is a good short candidate as a beautiful bearish pinbar formed today which is signaling a reversal...
So watch out... but don't jump in the trade as 330 is a support level