Hindustan Zinc has completed the long-term Head & Shoulders Pattern recently and is looking bullish with an upside of INR 150 from current levels in the near term of 12-18 months horizon.
My conditional upside view on NSE:HINDZINC
Will enter in trade once price retest level of 275. Wait for target 292, 296 & 308
Have to exit if price trade below 262 level.
Note: This is my personal analysis, only for learning.
Strong MACD, StocRSI parameters, and the recent pullback show that if the trend continues for the short term, we can see the Scrip hitting the two target levels. The Parabolic SAR has already given a BUY signal, with all parameters in tandem we can see the same happening.
More Over the Metals segment has taken a strong recovery, and more so on the backdrop of 1.3...
price above resistance and and looks good now .
we will enter at the retest of the zone.
no need to panic when price is settle in the support zone. we may see some wick down so we will add some at the support of trend line (yellow line)
Buy : 210 - 220
Stop : 170
Target : 250 , 270 , 290 , 350
