NSE:HINDZINC
#NSE:HINDZINC shared with entry level @ 327 and made high of 356 = 29 Points.
Fresh entry may possible with SL @ 346.
**Only for Practice.
Happy LEarning !!
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...
Hindustan Zinc
Market cap: 1.267T
Vol: 5.347M
Rel vol: 2.90
Avg vol: 1.866M
Float: 222.945M
LTP: 317
Support: 313.10
Resistance: 323.50 / 334.40
Daily charts (long term)
the candles are following the higher top and higher bottom bull pattern.
20 and 100 DEMA look good.
Volume looks good.
MACD has crossed over and has entered the bull zone.
RSI is in an uptrend...
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.
Hindustan ZINC is entering into long only territories with levels of 115, 97-94, 80s and 50s
However one should consult their financial advisor before making any decision to buy or sell equities
