HINDZINC trade ideas
Hindzinc-cup and handle above 335 ..Keep buying and add in dipsHindzinc-cup and handle above 335 ..Keep buying sl would be 280
HindZinc Bearish BatHindZinc Bearish Bat
Short below 307 with 320 SL
T1 - 304
T2 - 300
T3 - 296
T4 - 290
HindZinc...RSI indicates priceaction is showing weakness. Sell below 306 with the stop loss of 310. Targets are 300, 295, 290 and 286.
Hindustan Zinc - Hot Century (100) Non Stop -Can Double Top StopWow! - What a harmonic structure scored 100 points non stop - can Double Top stop the zinc journey.
24th May2017 Update - Harmonic M-333 with Zinc Coating at 230-240
HindZinc - Triple Top!Priceaction has formed triple top. It is a strong reversal sign. Price has reached the resistance, but RSI havent reached over bought zone yet which makes the chart more interesting.
HINDZINC at Resistance levelHINDZINC at Resistance Level
One can enter this trade at the level of 318-325
TARGET 1 till 38.2% retracement - 293
TARGET 2 till 61.8% retracement - 268
STOPLOSS at blue line - 334
HindZinc Bearish AB=CDHindzinc has formed bearish AB=CD at its crucial 6 months resistance level.
One can short it below 319.50
T1 - 308
T2 - 302.85
SL - 330
Hind Zinc Bearish ABCDLast time Hind Zinc Hit our SL
But again it made Bearish ABCD with 1.27 ratio
Short above 321 with 326 as SL
T1 - 312.33
T2 - 306.53
T3 - 301.82
Hindustan Zinc may correct after hitting previous highBearish divergence is seen in Hindustan Zinc with respect to money flow index. This is an indication of impending correction to 290 or below.
HindZinc Bearish ABCDHindzinc has formed Bearish ABCD
Lets short above 315
T1 - 310
T2 - 304
T3 - 296
SL - 320
Hindustan ZincWill Hindustan Zinc again take that resistance and fall.
Keep an eye.
SL Small of 296
Target 280/270
Possible Trade set up for Day trade I am looking to sell this stock after a brief rise on Open I will be looking reverse sign before entering
Lets see how it unfolds
Regards
Cup & Handle PatternEverything explained on chart....
Rounding bottom or Cup & Handle Pattern is very strong...
P.S. please research before investing....
Rectangular Pattern break out Rectangular Pattern break out , expected levels on upside
262-267 . Pattern failure @ 251
Hindering HindzincHindzinc has broken one of its major support. Hence safe to short.
1st target is 273. Stop loss is 280.
Hind Zinc- Channel Breakout- BuyHind zinc after moving in a downtrend has formed a double bottom and has also broken out of a descending channel. It has formed double bottom pattern at an important support zone which makes it all the more effective. It is a good buy at CMP with a stop loss of 234 and a target of 265
HINDZINC positive RSI divergenceHINDZINC price action shows positive RSI divergence one can buy at the support 239/243 for the target 260/285 stop loss below 230.
