HINDUSTAN ZINC This stock is showing signs of a potential reversal on the weekly timeframe, based on Fibonacci retracement levels, and trendline resistance may move upwards.
Hindustanzinc
HIndustan Zinc looking bullishHindustan 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.
Hindustan Zinc: 3X possible after breakoutHindustan Zinc is setting up for a breakout of a multi year inverse head and shoulders pattern!!
When price breaks out up of 339.3 on a monthly closing basis; anticipate an accelerated upward move which can go as high as 952. Stop loss can be set at 297.5. If stop loss hits, anticipate one more swing low to 216 levels before stock resumes uptrend.
Stock also has a history of providing healthy dividends; stock is in a long term uptrend!
HINDUSTAN ZINC - DAY CHART - 09.01.2023 - BAHAVAN CAPITALHINDUSTAN ZINC as per Day Chart Analysis Stock
ABOVE 345 TARGET 350
Today FII Net selling had come down considerably to 203.13 Cr and DII Net Buying increased to 1723.79 Cr.
Nifty Once Breaks the resistance at 18169 then the target is 18240 level.
Bank Nifty Once Breaks the resistance at 42716 then the target is 42932 level
Tomorrow Market trend to be on the positive side..
Happy Profitable Trading to all...
Hindustan zinc: breakout candidateHindustan zinc is a potential breakout candidate. Keep it on your radar!!!
HINDUSTAN ZINCHINDUSTAN 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
Like & Follow :)
BUY at current leveladd more if price comes down.
breakout with high volume. hence the rally should continue for 10-15% atleast
HINDZINC : In BULL RUN Currently.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 Trillion Dollar Infrastructure Boost in US, we can see the global commodity prices pumped up.
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
