Hindustan Zinc seems poised for a next impulse move.
Updated
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 is personal view and is for learning purposes only. Any buying/selling decisions must be based on your own analysis.
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 is personal view and is for learning purposes only. Any buying/selling decisions must be based on your own analysis.
Note
EXIT. This has started under performing the market.
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