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arunspoton
Oct 16, 2021 11:22 AM

HINDUSTAN ZINC 

HINDUSTAN ZINCNSE

Description

HINDUSTAN ZINC
Above 50 Moving Average
MACD Strong
RSI - 71.94 on oversold - Slight fall is possible
Targets - 350 & 361
Support level - 342
Strong Resistance - 361.30

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Comments
arunspoton
The credit goes to @ritu14 who asked me to post on this stock, not sure if any one followed it & bought whoever did would have made good profits

Do like & follow :)
Also follow me on twitter for latest updates @ArunSamant6
kindly let me know incase you want me to post about any particular stock as well
Happy Trading
ritu14
@arunspoton, I just saw your message of 18th October. I had sold 75% at 395 average and held 25% for 422 level but like always this cheated me and fell down to 322 my buying rate. Took away my profit of 25%.
Hind Zinc move is always unexpected. It falls fast, and stays at one level for long and long and suddenly one fine day, it moves up at market opening hours or closing hours.
Its not a stock of investment any more neither a trading one.
arunspoton
@ritu14, I can only suggest one this if you trade for short term then if u get any good profits you should Exit and leave but if your a long term investor then dont go by the short down falls and buy on dips if its for long term.

Currently its going down wards and support levels at 317 and then 302 levels.
ritu14
Target after it breaks 361. Results 25th October, will wait till then. Last quarter no dividend announced, so hoping some positive news this results. :)
ritu14
It hit 361 on Thursday and I didn't sell it. I have seen that its not crossing 361 for past many months. It again fell down from 361.
arunspoton
@ritu14, Yes Correct 361 Strong resistance but this time i feel if it reaches there it would cross
ritu14
@arunspoton, It opened gap up and hit 408 in first one minute of market opening
arunspoton
@ritu14, Thats Cool it had that strong resistance at 361 and due to the GAP UP its gone up - Anyways it had strong MACD signals
Good you would have made excellent profits :)
ritu14
@arunspoton, Yes. I booked most and kept some.
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