Zinc - broke the support levelThe scrip can go up and touch resistance levels again..
Call = 40-60 days
Good dividend paying company with fine fundamentals..I feel it is worth investing
HINDZINC trade ideas
HINDZINC looks ready to move up finallyHINDZINC - reacting from monthly Demand Area, first daily SZ broken, second daily SZ is tested multiple times, entry in retracement either for short term or investment.
HINDZINC on crucial level { Must be on watch list }Hindustan Zinc is inside a channel where price is lil far away from bottom line and has made double bottom which indicates down trend is weak... But price is getting rejected from 247 which is a resistance level...
If price breaks 247 and sustain above that then we can consider it as a confirmed breakout..
In case of Breakout my targets will be 255/268/282/290+ where as SL will be 240 just below that resistance which could definatly act as support if price sustain above those levels...
And ,
If price break the bottom support region 230-220 (chances are less) then we can consider, it will follow downtrend with the channel... So, in that case target will be 212/200/190 and SL : 225
In both the cases Risk Reward Ratio is favourable...
Note: Do your own study before making any position...
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Hindustan Zinc- 245-Polarity Reversal.233-248 Clicked. Next 278Two similar structures shall give power to zinc before it explodes above 245 next.
Polarity Reversal
Why 245- 245 is the polarity reversal level because earlier it was good support & this time it acted as resistance. So, any level which changes role from support to resistance & vice versa is called polarity reversal level & if we talk about zone then it becomes polarity zone.
In Last update as soon as it started moving above 232-233- it moved to 238 first took a halt & then 245 -important level. Target zone of 244-248 was kissed later on moving above 248.
Zinc is taking rest so let it take rest before next explosive move 245- an important mark.
Target Zone could be 259-262. Above 262 - we shall look for 267-268 & above 270 -it can be 278-280.
Previous Update - Zinc you are back again at 230- Click the chart to read previous update
Hindustan Zinc - You are back again at 230Moving above the falling trendline & holding 225-230 at downside- I shall look for 244- 248 Target Zone Next Above 250 for 257-260 Target Zone & Above 260 - Up -Up & away if extends above 260 & holds above that level else be happy & trade happy.
Previous Update M333 with Zince coating.
Bearish Shark, 15 Mins HindZincHi,
A Bearish shark pattern completed on HindZinc 15 mins chart.
Key levels highlighted on chart - Watch price action on lower time frame before making entry.
Trade with care
Gulz.
Hindustan Zinc - Harmonic Cypher at 239 Tops Just Said -Don't Go long at 238.50-239 Zone in previous update mentioned below - We have bearish harmonic at the 239 tops.
Previous Update - Zinc -You are back again at 230
HINDZINC preparing for UP-TrendHINDZINC: @ 230.9
Preparing for UP Trend
Pattern: Harmonic Bullish CRAB .
Technical parameters: Major indicators OVERSOLD.
Long for TGT : @ 236.3, @ 240.50 , @ 247.2.
More levels Plotted in Chart.
SL: @ 222.6(By Closing) or @ 220.9 — Which comes first.
Hind Zinc - Can buy for tradingAs the commodity complex has been sideway, there is a healthy chance for metals to bounce back from critical support zones. 50% retracement levels is around 225. One may buy around this level for a reasonable 6-8% upside.
Hindustan Zinc - Harmonic M 333 with the Zinc Coating at 230-240Zinc has an excellent corrosion resistance property hence used as preferred coating material in industries. Galvanization is the process of applying a protective zinc coating to steel or iron, to prevent rusting so we enjoy but I will excited if this coating goes off which is artificial to expose it's real beauty.
So, we want this coating to go off above 250 on sustained basis & may it shine again.
Since, early 2017 it has been falling from 333 Highs. A harmonic pattern could complete in 230-240 - "Most important- which trader forgets is we wait for market confirmation before even trying our hands".
We want prices to halt between 230-240 -Hold & show us the way upside - preferably moving above 250 to give us confidence that it can shine again at 333+
Trading Strategy
Looking for a move above 250+ for us to initiate the long positions or risk taker can check the zone 230-240 for possible reversal- if happens else throw this analysis & move forward.
Zinc in Sync with Trendline - HindZinc Short !You can take it as either Intra or positional based on your risk appetite, but I will be aiming for a downside move in Hindzinc bcos of trendline retest and bearish nature. If you;re doing intra book partial profits in 245 zone,( positional too ) then trial the stops making it as breakeven trade :)
If trendline gets violated wait n watch, if the resistance also violated then Trade off the desk, till then its valid !
HINDZINC:273 is in primary wave[4],expect crrection to 250 lvlHINDZINC:273 is seems to be completed a primary wave]3] , and currently in its]4] correction.
its wave]2] was shallow & time consuming.Alternation Rule can expect a Deep & swift
move in wave4], may correct to 250 level.
Square' Brackets doesn't appear in message filed.
Market Traps-Series 1-(Dividends Impact on Strike price)Hi All ,
Once upon a time last year.
"Mr.Ram Nene had bought Hindustan zinc put options strike price of 191 Rs and 186 Rs at premium of 9rs and 7rs" , Huge position was created
This activity was carried out 2 days before the record date of 25 Rs dividend payment by Hindustan zinc , The spot price of stock was trading around 190-192 range.
On record date when Ram Nene logged in to his account he found out that the strike price of his contracts were reduced from 191 to 166 and 186 to 161 .
Now any guess on whats the impact on options premium ? options premium felled by half.
Amount of losses faced were extraordinary.
Heard of any such story ? I bet you haven't.
Following is NSE link , refer the paragraph Dividend , point number 2 (its roman number) :
www.nseindia.com
HINDZINC - Bullish GartleyWe can expect targets of 292, 299 & 305.5 with SL 264.5.
Also going by the thumb rule that all gaps will eventually get filled, we need to see if it will fill the huge gap down from end of March as well.
Trendshikari PTS V1.0 - HINDUSTAN ZINC - LongBuy tomorrow @ market open @ market price.
Signals are generated using a proprietary indicator developed by me using Tradingview Pine Script (). Key performance metrics generated from TV Backtester are published below (2007 to 2017). Original signal came few days ago but you may enter now as the price is down from the original entry value and you could take advantage of a possible upside from here.
Enter with 1/10 th of your trading capital. Exit, when I signal so in this tip page. Please post your thoughts, concerns on the system if you have any.
HIND ZINC LET'S DO ITdis stock near its support area so there is huge chance for reversal so let bang on. entry stop loss and target given on chart.
hit like if you agree with the plan and follow me here for more updates and ideas. i really appreciate your support and feedback.
regards
king 999
hind zinc short with shiv hind zinc we do short @321-322 sl is 323.5 trg 319 317 ....do ur own analisis ..... do tarde as per ur view ....
hindzinc - a buying opportunityfor educational purpose only - hindzinc may be on last leg of correction. a bounce may be seen and it may go to 296 -300. buy between 274-279 with sl of 270
HINDZINC - LongHINDZINC has finally started its journey towards fib cluster targets of 273, 280 & 314 with SL at 238.
