Hind Zinc: Buy at CMP STOPLOSS: Rs. 307 It seems to have taken a support on the weekly trend line, on which it is seen forming the higher lows. With the hammer pattern near the trend line support, it appears that the retracement/consolidation after the breakout may be complete and it may start the next leg of bull rally in which the stock is in. NOTE: The above...
on daily timeframe a good support of trendline was taken with formation of bullish engulfing candlestick pattern, on 1 hour timeframe a breakout of short term countertrend with rejection of previous swing high low confirmed our long position NSE:HINDZINC
HINDZINC: seems like in the process of completing symmetric triangle. is it ready for Up move ?
No change in the logic so far. Trend continues to take support though in a sideways consolidation. Not expecting a correction at this point. Targets remain same as earlier video. To be reviewed on Monday 5th July.
Sharing my study of Hindustan Zinc using Normal Andrews Pitch fork (Bullish) and Modified Schiff's fork(bearish) to predict possible price moves. I expect a bullish move in line with the Normal pitchfork on the upside with Target1 at 352 in the hourly chart and on a bullish break of which Target2 is 370. I sense my use of modified Schiff's could be wrong due...
hindzinc broke 2017 highs with good volume and came back to retest the suport. its the time to add 50% of the capital. can be a good long trade if revarsal sign is shown in chart.
Good Opportunity for long term investment in Hindustan Zinc @ Important Levels.
From a important support region stock seems to be bouncing and going towards its all time hight... fundamental are really good...rsi is rising...and the Heiken ashi shows a bullish trend too... Do ur own analysis before taking positions... It's not a stock recommendation....
add more if price comes down. breakout with high volume. hence the rally should continue for 10-15% atleast
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...
we can go for long in Hindzinc because after consolidation it breaks out and retesting the level
Analysed some key NIFTY Stocks that have been forming a BUllish NIFTY trend as per Mark MInnervini's VCP pattern. Key Stocks i have been tracking - 1) Hind Zinc 2) TCS 3) Lupin Some of the key levels and Entry points have been discussed in this analysis.
Breaking 52 week high with good volume 10-15% move possible in 1 month Time frame Buy in dips till 330 Strict SL 315