HINDZINC: TOUCHED THE SUPPORTHINDZINC HAS TOUCH THE SUPPORT LEVEL (324-326), CONFLUENCE ZONE OF FIB AND MAJOR SUPPORT LEVEL. WE SHOULD SEE AN UP-MOVE NEXT.
T1: 345
T2: 365
HINDZINC trade ideas
Late night Technical analysis talk - 20 Stocks in 20 minsTrading ideology and some important key points to rem : ( Have a good trading session guys )
Sail trade: let it break 1hr Trianglepattern to initiate a good buy by respecting risk and holding it if it converts into a winning trade
Tata steel: Gave a breakout on 25 June on D chart and retest on 2 July then broke the major hurdle of 1180 levels, on 1hr a good long trade can be initiated there
until and unless it is above 1230 levels it's bullish and might rally for higher levels, let it create a good pattern or structure above 1230 to make it tradable
Bajaj Auto: Breakout of symmetrical triangle pattern for downside on 8 July led the trigger of a great fall, now it is creating a channel pattern on 1hr that to a downtrend parallel channel
Just dial: after a super move in the north direction the stock is resting on a good trendline, lets see if it creates a bullish green bar on D chart here, that would be our trade activation
JYOTHI LABS : Big broadening pattern, inside it gave a wedge pattern bullish side breakout with 3% candle small risk and hige rewards achieved on this trade, now touched the upper side of the broadening pattern and consolidating there
on 1hr it is making a really nice tradable pattern, if broken a trade can be planned out and trade with proper risk management rules
Motheron sumi : Stock is sideways on D chart btw the levels of 230 and 245 but also making a good trendline on 1hr that if broken with a close above 245 can be a really good long for higher levels, let it break first then will trade our plan
TCS : Multiple times taking support from the one good supportive trendline, again the stock is there creating a fresh moment for upside, trade is already activated here on 1hr TF with 2% risk and 6% rewards
TechM : gave a breakout of a very big broadening pattern also strong on weekly charts too, one can create a trade here only but the risk is 5.5% so rewards can be 6% or above, trade as per :)
Bandhan bank : The banking sector is a weak sector for quite a while now and Bandhan bank is just following them, on 21 June it gave a good breakout with volume and power but again came back to the price of 300, seems quite bearish
Zeel is creating a good symmetrical triangle, I would wait for the stock to come to a supportive trendline and let it make a bullish candle there or create a pattern thereon 1hr to trade it for the next leg of the symmetrical triangle
GSPL: Quite bullish stock multiple breakouts and retest zones created in the video too make you understand its bullishness, also on 1hr it is making a handsome pattern to trade on if broken with a good bullish candle, one should go long as per there setup and risk system
USHAMART : provided analysis yesterday, just a follow up on the idea that it gave a good breakout in today's running market and created a small retest zone there only then a good rally of 7% from the buy point, also closed strong on the D chart
APOLLO : It has given a good breakout of 20% on 29 April, mostly untradale to a lot of people but a stock that must be in your wathc list :) as after that reversal 20% candle, it is now making a good paralle channel on D chart that it is following judisicously
PIIND : Gave a superb breakout on 6/7 april on 1hr and 1D both, a pattern also called as inverted HnS, very effective bullish pattern, now the stock has rallied almsot 40% after it and respecting a good supportive trendline, it has touched it but with a big red candle, let it make a small but bullish
candle on D cahart first, then we will trade our plan
Apollotyres : Creating a good symmetrical traignle on D chart lets see if it can break it then will trade our plan of breakout trading with proper risk system
ACC : Gave a good move after the trendline tested again and a monthly strong bar too can be seen in ACC keep in watchlist
HAL : a good pattern on D chart of triangle type broken some days back and now retested too, but the candle is not that bullish still a trade can be on 1hr, but let it make a good pattern and structure above 1050 levels
HindzincAll scripts posted here are only for study purpose do your analysis before taking any positions
HIndZinc Breakout and Retest HindZinc Triangle breakout and retest done perfectly.
Rsi breakout and retest.
Target- 380-383
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HINDZINCExcellent Price development and low risk to reward trade. 320-340 was supply zone since 2017. For past 2 months, was trading above 320 band and now looks ready to cross 340 band. Above this price band, we can see strong up move.
Hindzinc on long "W" pattern breakout One can go long on Hindzinc with an SL of below 339, try to buy near the neckline, and target expected 359 risk-reward 1:8 Time horizon 2-5 days
At major resistance zone 340-344 resist zone broken and retesting, with volume can give desent return.
HINDZINC HAS BROKEN OUT OF TRIANGLE PATTERNNow we have to wait for retest of the trend line or support zone and on getting a bullish confirmation can go long for a target of ATH 362.15
HINDUSTAN ZINC--> Breakout on cards?The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
#HindZincBreakout retest, Triangle pattern formation with the tip in breakout zone, drastic volume compression. It's no brainer, what is highly likely to happen. Keep an eye.
Hind Zinc probable long tradeNear good support zones - breakout of the triangle can lead to good momentum
