Hind ZincOn hourly chart, stock has formed bearish flag pattern and gave breakdown.
Downside tgt is 235/224.
Upside resistance is 263.
HINDZINC trade ideas
Broadening top Reversal Patterm ShortThere is a possibility to trade Broadening top pattern. RSI is forming divergence also confirming weakness in the stock. Shorting now with Stop Loss just above the high made recently.
dark cloud cover there at the resistance area first we saw couple of bearish engulfing pattern over there and then we saw the dark cloud cover there both at the resistance area and negative divergence there prefer to short the stock
short the stock as bearish engulfing pattern clearly visible as we can see a couple of 2 bearish engulfing pattern and and price below 8 ema
Hindustan ZincHINDZINC Will we get a breakout here.
Today it closed in green with huge Open Interest.One can go long on break of channel.
Target 1- 256
SL- 241.80
Conditional Buy, hence keep an eye on charts.
FLAG Pattern FormationDo you thing Hind zinc will complete this flag and move upwards. Buy if the price sustains above this trendline for at least an hour.
Short term long opportunity in HindzincBullish flag observed in Hindustan Zinc giving good short term long opportunity........Entry after flag breakout
