HINDZINC trade ideas
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.
#HINDZINC Major resistance breakout. Waiting for a breakout on major resistance after being rejecting multiple times. We may see an all-time high if it breaks resistance.
Good luck.
Breakout !!!The stock has breached the strong resistance level.
Can be bought at the current level of 330 for a target of 347.
Note: Educational purpose.
HindZINC RECTANGLE BREAKOUTBULLISH above 335
Target 350, 375
SL: 305
Risk is yours and Reward is too yours Totally
Also Multifold returns possible
HIND ZINC LONGHere the zone has been tested multiple times , there is a false breakout in between although, the ascending trendline shows buyers are pushing in and the zone has also become weak.
Reason to go Long
Zone tested multiple times
Commodity Uptrend Cycle has pushed commodity and metal prices up
Expect a good upmove in the coming days one can take positions in it keeping risk management in perspective.
PLS DO LIKE THE ANALSIS!
HINDZINC Buy Idea Triangle Buy above 325
Target : 380
Stop Loss 305
Positive because of demand and increase of zinc prices
HindZinc Making Cup with handle PatternHindzinc is making cup with handle pattern, currently it is in accumulation zone. can be bought between 316 to 319. Once it crosses 321 with volumes, breakout will be confitmed
Hindustan Zinc hindzinc looks good , if its come out of the box it will also start ride of metal sector
Hindustan ZincHIND ZINC (NSE CASH)
CHART ANALYSIS
LTP: 309.85
SUPPORT: 305.25 (309.01 ACCORDING TO 20 DEMA)
RESISTANCE: 321.90 / 329.30
RISK TO REWARD RATIO IS APT
RSI IN DAILY CHART IS IN A STRONG UPTREND AND IS ABOVE THE 50 MARK IN OTHER PERIODICALS
329.30 LOOKS LIKE A BREAKOUT LEVEL WHICH MEANS THAT THE CHARTS WILL MAKE NEW HIGH ONCE IT CROSSES AND TRADES ABOVE 330
CHART IS IN AN UPTREND (15M) SINCE 6th MAY AND LOOKS LIKE THE UPTREND WILL CONTINUE
OI NA AS THIS SCRIPT IS NOT PRESENT IN NFO
MARKET CAP: 1.253T (ABOVE 200B / VERY GOOD)
VOL: 7.838M (ABOVE 500K / VERY GOOD)
REL VOL: 2.16 (ABOVE 2 / VERY GOOD)
AVG VOL: 2.153M (ABOVE 100K / VERY GOOD)
FLOAT: 222.945M (BELOW 2B / VERY GOOD)
***BUY FOR MEDIUM TERM TARGETS OF 329+ AND CAN ALSO BE A LONG TERM PART OF YOUR PORTFOLIO
HINDZINC,LONGHINDZINC, WTF, formed cup and handle pattern, go long ,if price would crossed above the resolution point
Hind Zinc, New Life high expeted.All observations on chart.
On weekly chart Hind zinc is making higher high higher low formation. Just below the all time high stock is consolidating.
longer the consolidation more powerful is the breakout.
Inside Bars Are formed Just before a breakout. Inside bar means one low volume small red candle is formed between big green candles and also opposite of this is one small bodied green candle is formed between big red candles.
As you can see stock is stuck in range for a long time now, and is hovering at the upper end of the range. Expecting a good move here in coming days. check the chart below
Hind Zinc - CMP: 318Moving in the channel, It has given trendline breakout on smaller time frame. Good delivery volume indicates bullish movement expected in the near term. Closing above 329 will confirm channel breakout. We can expect price movement till 400 on confirmation of a breakout.
hindustan zinc showing pole and pennant ....after huge gain in hindzinc stock the chart showing us pole and pennant pattern. lets watch what happen next ....
A clear Breakout in Zinc SectorChart clearly shows that a clean Breakout is bound to happen in the coming days with Resistance got tested several times and has got weaken in the same process. Volume too supporting the trend. RSI is at 62 levels so there is a good chance that this breakout will gonna give a good profit opportunity.
