#Hindzinc long (08 Dec)
RSI- 72
Buy at CMP - 360
SL- 334
Target- 391, 410
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HINDUSTAN ZINC as per daily chart analysis the stock has broken the consolidation and tested the resistance level 369 for a short retracement and above 370 level for a target 390.
HINDUSTAN ZINC as per daily chart analysis first target of 360 above 351 level today achieved and the second target is 390 level. With the company giving interim dividend of 18rs per share. The stock should find a momentum up upto ex dividend date December 15 2021.
HINDUSTAN ZINC as per chart analysis its in a monthly consolidation zone and in the daily chart it has formed a spinning top candle stick pattern. once the stock breaks the consolidation zone above 351 level then target 361 level is achievable.
10-14 Days Swing Trade Oppourtunity.As You can see there is a breakout with high volume i.e chances are there that this stock may rise upto 10% within 10-14 days.
Hindustan Zinc has a swing trade set up of upto 25-30% from current levels as it is near the lower end of the long term channel. RS 55 is +ve and long term RS(123) is in the process of being +ve. SL can be 295. Offers good R:R.
Note: Market conditions are volatile, please trade with SL and have less quanity.
A good fundamental company with breakout of highs done and also harmonic half bat for confirmation
Risking just 4-5% in this stock.
With metal sector also breaking out of range this looks like a great buy
CMP 355
SL below 340 closing basis
Targets = 400/500
Perfect inverted head & shoulder pattern has been formed and today we have got successful breakout above the neck line. We are good to go long in this stock.
Stock has taken support at 200 SMA and is ready to break 50 SMA.
Once sustains above black line then could be a good buy for 1:2 Target with SL below 50 SMA.
