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
Everything explained on chart.... Rounding bottom or Cup & Handle Pattern is very strong... P.S. please research before investing....
Rectangular Pattern break out , expected levels on upside 262-267 . Pattern failure @ 251
Hindzinc has broken one of its major support. Hence safe to short. 1st target is 273. Stop loss is 280.
Hind 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 price action shows positive RSI divergence one can buy at the support 239/243 for the target 260/285 stop loss below 230.
Double 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...
Stock 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.
We 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. Correction seems to be over in Hindustan Zinc, is a good stock to have in one's portfolio
The 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
HINDZINC - reacting from monthly Demand Area, first daily SZ broken, second daily SZ is tested multiple times, entry in retracement either for short term or investment.
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 ...
Two similar structures shall give power to zinc before it explodes above 245 next. Polarity Reversal Why 245- 245 is the polarity reversal level because earlier it was good support & this time it acted as resistance. So, any level which changes role from support to resistance & vice versa is called polarity reversal level & if we talk about zone then it...
Moving above the falling trendline & holding 225-230 at downside- I shall look for 244- 248 Target Zone Next Above 250 for 257-260 Target Zone & Above 260 - Up -Up & away if extends above 260 & holds above that level else be happy & trade happy. Previous Update M333 with Zince coating.
Hi, A Bearish shark pattern completed on HindZinc 15 mins chart. Key levels highlighted on chart - Watch price action on lower time frame before making entry. Trade with care Gulz.
Just Said -Don't Go long at 238.50-239 Zone in previous update mentioned below - We have bearish harmonic at the 239 tops. Previous Update - Zinc -You are back again at 230
HINDZINC: @ 230.9 Preparing for UP Trend Pattern: Harmonic Bullish CRAB . Technical parameters: Major indicators OVERSOLD. Long for TGT : @ 236.3, @ 240.50 , @ 247.2. More levels Plotted in Chart. SL: @ 222.6(By Closing) or @ 220.9 — Which comes first.