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 trade ideas
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.
Hindustan Zinc - Double Headed Monster -Target done@230-270Double Headed Monster
Last price -267.50@13:55 Hrs 6th July2017
It is slightly different from Head & Shoulder Pattern with single head. This one has double head.
Look we have a double headed monster who can eat zinc at 270. Oval shape shows how we got 230 to 270 moves in our favour. All the updates are mentioned below.
Below 268 looks weak for 265 & below 265 for more on downside.
Target
Short term target shall be 265-265.50 - if sustains below 265 then we look for 230-235 back again (this target is only for patient traders not for all)
Previous Updates
Zinc Coating 230-240
Zinc -You are back at 230
Zinc - Polarity Reversal 233-248
Hindzinc-Worst seems to be overStock is in strong downtrend since last 2 months.
now it seems botommed out, last 15 days its forming higher highs and higher lows.
One can go long at CMP 251 with Stop loss of latest swing low 239 which is also 20 Day SMA.
Once it gains momentum, it will fill the gap till 320.
266,278,290 can be considered as intermediate resistence and partial profit booking points.
Hinczinc in bulish modeWe can expecting Hindzinc near 260-63... we can see some hurdle around thin blue lines. Lets see how it can cross blue line.
SL must be below 247.
Hindustan Zinc Ltd:246 Res:285_330 stop:239Hindustan Zinc Ltd :246. Correction seems to be over in Hindustan Zinc, is a good stock to have in one's portfolio
Zinc - broke the support levelThe scrip can go up and touch resistance levels again..
Call = 40-60 days
Good dividend paying company with fine fundamentals..I feel it is worth investing
