Best is to sell 270 PE. Long if it breaks the high of the previous day with a stop loss at the previous day's low. In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
After a rise from the lows of 277 till 306, looks like Hindustan ZincNSE:HINDZINC has completed the countertrend move and is on its way down again. With Metal Index looking weak, I can see that the stock price got rejected after retracing 50% of the previous downmove, forming a Bearish Engulfing candle in the process. Good opportunity to short here with a ...
Price movements are being captured nicely by a down-sloping Pitchfork. Bearish Hanging Man candlestick pattern is confirmed by red candle today so one can short the stock by providing small SL of 305. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
HINDZINC - has shown a great move after it's fourth breakout. It has also broken the 50 SMA resistance at the third try with great volume, so it should now act as support. The stock might also have found itself a new trendline. The stock is now headed to fill the gap 321-325 levels. Don't sell before it. Good luck.