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Perfetrade

HINDZINC on crucial level { Must be on watch list }Hindustan Zinc is inside a channel where price is lil far away from bottom line and has made double bottom which indicates down trend is weak... But price is getting rejected from 247 which is a resistance level... If price breaks 247 and sustain above that then we can consider it as a confirmed breakout.. In case of Breakout my targets will be 255/268/282/290+ where as SL will be 240 just below that resistance which could definatly act as support if price sustain above those levels... And , If price break the bottom support region 230-220 (chances are less) then we can consider, it will follow downtrend with the channel... So, in that case target will be 212/200/190 and SL : 225 In both the cases Risk Reward Ratio is favourable... Note: Do your own study before making any position... Please Like, Follow and Comment your views below...
NSE:HINDZINC
by MrAkshatP
Updated
44

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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