Breakout !!!The stock has breached the strong resistance level.
Can be bought at the current level of 330 for a target of 347.
Note: Educational purpose.
HINDZINC trade ideas
HindZINC RECTANGLE BREAKOUTBULLISH above 335
Target 350, 375
SL: 305
Risk is yours and Reward is too yours Totally
Also Multifold returns possible
HIND ZINC LONGHere the zone has been tested multiple times , there is a false breakout in between although, the ascending trendline shows buyers are pushing in and the zone has also become weak.
Reason to go Long
Zone tested multiple times
Commodity Uptrend Cycle has pushed commodity and metal prices up
Expect a good upmove in the coming days one can take positions in it keeping risk management in perspective.
PLS DO LIKE THE ANALSIS!
HINDZINC Buy Idea Triangle Buy above 325
Target : 380
Stop Loss 305
Positive because of demand and increase of zinc prices
HindZinc Making Cup with handle PatternHindzinc is making cup with handle pattern, currently it is in accumulation zone. can be bought between 316 to 319. Once it crosses 321 with volumes, breakout will be confitmed
Hindustan Zinc hindzinc looks good , if its come out of the box it will also start ride of metal sector
Hindustan ZincHIND 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 IN AN UPTREND (15M) SINCE 6th MAY AND LOOKS LIKE THE UPTREND WILL CONTINUE
OI NA AS THIS SCRIPT IS NOT PRESENT IN NFO
MARKET CAP: 1.253T (ABOVE 200B / VERY GOOD)
VOL: 7.838M (ABOVE 500K / VERY GOOD)
REL VOL: 2.16 (ABOVE 2 / VERY GOOD)
AVG VOL: 2.153M (ABOVE 100K / VERY GOOD)
FLOAT: 222.945M (BELOW 2B / VERY GOOD)
***BUY FOR MEDIUM TERM TARGETS OF 329+ AND CAN ALSO BE A LONG TERM PART OF YOUR PORTFOLIO
HINDZINC,LONGHINDZINC, WTF, formed cup and handle pattern, go long ,if price would crossed above the resolution point
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
Hind Zinc - CMP: 318Moving in the channel, It has given trendline breakout on smaller time frame. Good delivery volume indicates bullish movement expected in the near term. Closing above 329 will confirm channel breakout. We can expect price movement till 400 on confirmation of a breakout.
hindustan zinc showing pole and pennant ....after huge gain in hindzinc stock the chart showing us pole and pennant pattern. lets watch what happen next ....
A clear Breakout in Zinc SectorChart clearly shows that a clean Breakout is bound to happen in the coming days with Resistance got tested several times and has got weaken in the same process. Volume too supporting the trend. RSI is at 62 levels so there is a good chance that this breakout will gonna give a good profit opportunity.
Hindustan ZincHindustan 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 above 50 mark.
***Investors can add Hind Zinc to their portfolios and accumulate at lower levels.
Hourly charts (medium term)
The first impression is that RSI is very close to the overbought level.
MACD has reduced volumes.
The runaway candle has all the magic. We will watch for a confirmation candle and enter for a short term trade.
***334.40 is a breakout level. We can expect a rally above it.
15m charts (short term)
As indicated in the hourly chart, RSI is correcting itself.
MACD looks strong.
20 and 100 DEMA look fine.
The chart is on a clear uptrend.
***buy on dips for short term targets of 335+
One should never predict the market rather witness!Here I try to predict even if it's never suggested to!
Chart of NSE:HINDZINC and what I think it might do.
Beware of predictions, those get kicked out of market. Only thing that keeps you going is when you 'Go with the Flow'.
Let the market do what it's doing and observe rather than you telling it what to do by your predictions.
So, how do we win trades?
Study the instrument you are going to Trade/Invest in. Its not about what opportunities you missed but what capital you saved by not running for every single trade half-assed.
In here I might have tried to predict way too much in advance and I am liable to be wrong by doing so!
This Idea for Hindustan Zinc is what I see it doing and I wish to know if Hindustan Zinc and my vision of Hindustan Zinc comes close.
By means of being wrong in situations, We learn. In fact, we learn far more by being wrong than being right.
Hind ZincIt has formed double bottom pattern on chart. Increasing Delivery with good volume indicates and conforms reversal from bottom. Likely to reach near 330/340 again in near term. RSI and MACD indicates restore of bullishness. ADX above 25 will add more strength to the movement.
