HINDZINC trade ideas
Hindustan zinc, Up move or Down move ?As of 18/5/2021
Pattern formed: Ascending triangle
Candlestick pattern formed: Bullish marubozu
Resistance level (arround 322-333 price levels) : Tested 3 times.
NOTE: Resistance level and ascending triangle pattern both broken with high volume on 18th May 2021.
RSI: Above 60
MACD: Shorl length line over long length line
Trend pattern: Sideways
According to Technical Analysis: Stock will move upward.
According to personal observation: Stock will correct up to price levels of around 332-334 before moving in any direction.
Result: Wait for correction.
HINDUSTAN ZINC CLEAR BREAKOUT WITH ALL TIME HIGH LEVEL HINDUSTAN ZINC closing above all time high we can enter at CMP with stop loss of 320 for a target of 400-410 in short time duration
Classic chart pattern breakout After long consolidation this stock finally breakout with high volume .
CMP-345.00 RECO-Buy Entry Range-Rs.350-335.00 Target-400.00/480.00 Stop Loss-316.00 Closing basis
Duration- 03 to 06 Months.
HindZinStrong uptrend can be seen in HindZinc. Continue to buy on dips and target the fib levels. Longterm target 700+
READY TO RACE💕Best Opportunity For Swing Traders💕
After 4 yrs Consolidation Stock Is Ready For Go
Target 430+
Keep SL 325
📌Key Highlights:
🔺BO On Daily Time Frame
🔺BO On weekly Time Frame
🔺Cup and Handle
🔺Vol. BO
🔺News Basic
Huge bullish moment ahead1. Triangle pattern breakout with huge volume.
2. Multi year breakout on daily chart with huge volume.
3. Huge volumes that are never see in a decade.
Nice weekly breakout#Hindzinc
****THIS TRADE IS AN IDEA GIVEN TO ME BY MY MENTOR KRISHNAKUMAR****
Gave nice breakout on daily and weekly charts today.
Although this weeks chart is not completed yet, but taking risky entry utilizing partial funds as it has given breakout on daily charts after 3 years.
Will add more if it dips to retest breakout.
Also, it is forming nice channel pattern.
///Kindly trade as per your own analysis. ///
Multi Year Breakout - Cup without Handle (Don't dare to miss)All analysis posted on charts
Feel free to share your feedback
HINDZINCE Breakout with VolumeHindustan Zinc gave a good breakout with volume rising. Fundamentally also good.
Buy at 345
SL 280
Target Open, will update later.
Please keep trailing SL
Hindzinc --- LongDisclaimer : Only for educational Purpose,not a stock recommendation
Trading is an art, learn the art!!!
#stockInvestment
a clear breakout in resistance after a while in hindustanzincA CLEAR BREAK OUT MEANS A GREAT POSSIBILITY TO ITS TARGET RISK TO REWARD RATIO IS 1:1 BUT IT WILL COME IN SHORT TERM
HINDZINC long for positional trades above 340330-340 levels acting as Resistance multiple times since 2017. Strong break out above 340 can take HINDZINC to good targets
HINDZINC about to breakout from 4 year resistance. The stock has been constantly declining from 330-335 resistance level, but it has shown a rally towards trendline with a good amount of volume (forming a triangular pattern).
Also, we can see all time high after the breakout.
If the stock manages to sustain above 340 after the breakout, one can go for long term with the SL of 280 and TP for 380,420, 500.
