Hind Zinc, New Life high expeted.All observations on chart.
On weekly chart Hind zinc is making higher high higher low formation. Just below the all time high stock is consolidating.
longer the consolidation more powerful is the breakout.
Inside Bars Are formed Just before a breakout. Inside bar means one low volume small red candle is formed between big green candles and also opposite of this is one small bodied green candle is formed between big red candles.
As you can see stock is stuck in range for a long time now, and is hovering at the upper end of the range. Expecting a good move here in coming days. check the chart below
