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Technical Analysis of Hindustan Zinc - Buy & HoldLet's analyze Hindustan Zinc (HINDZINC) based on the chart. Current Status and Observations: Chart Type: Weekly Candlestick Chart. Current Price: Approximately INR 455.30 (as per the blue box on the right). Recent Action: The stock has recently broken above a "Monthly Breakout @408.90" and retested "Retest after Monthly Breakout @428.75". This indicates a bullish reversal or continuation from a support level. RSI (Relative Strength Index): The RSI is at 47.39, which is in a neutral zone but showing an upward trend, suggesting increasing momentum. Volume: The volume bar for the current week appears to be significant, supporting the recent upward movement. Resistance Levels: Weekly Resistance @482.50 Daily Target TP1 @516.50 4H Target TP2 @562.50 3H Target TP3 @590.00 Buy Price and Targets: Given the recent breakout and retest, along with the increasing RSI, Hindustan Zinc appears to be in a favorable position for a buy. Optimal Buy Zone: The ideal buy zone would have been closer to the retest level of INR 428.75. However, given the current price, a buy at current levels (around INR 455 - 460) is still viable, provided the breakout holds. Traders might consider buying on minor dips towards INR 445-450 if they occur. Near-Term Targets: Target 1 (Short-term/Swing Trade): INR 482.50 (Weekly Resistance). This is the immediate hurdle. Target 2 (Mid-term): INR 516.50 (Daily Target TP1). Once Target 1 is cleared, this becomes the next logical objective. Target 3 (Mid to Long-term): INR 562.50 (4H Target TP2). This level offers a significant upside potential. Target 4 (Longer-term/Aggressive): INR 590.00 (3H Target TP3). This is the highest target indicated and suggests a strong upward trajectory if momentum continues. Position and Duration: Buy Position: Yes, initiate a buy. The chart indicates a constructive setup. Hold Position with Duration: For Short-Term Traders (Swing Trading): Hold for a duration of 1 to 4 weeks aiming for Target 1 (INR 482.50) and potentially Target 2 (INR 516.50). Monitor price action closely at resistance levels. For Mid-Term Investors: Hold for a duration of 1 to 3 months aiming for Target 3 (INR 562.50). For Long-Term Investors: Hindustan Zinc is a fundamental company, and if the broader market and commodity prices remain supportive, it could be a longer-term hold. For the targets shown on the chart, a duration of 3 to 6 months+ could be considered for reaching Target 4 (INR 590.00) or beyond. Important Considerations and Risk Management: Stop Loss: A crucial part of any trade is a stop loss. A logical stop loss could be placed just below the retest level or the monthly breakout level, for example, around INR 420-425. A tighter stop could be just below the current week's low if you have a shorter time horizon. Volume Confirmation: Continue to monitor volume. Strong buying interest confirmed by rising volume is a positive sign. Global Commodity Prices: Hindustan Zinc's performance is highly correlated with global zinc and other metal prices. Keep an eye on commodity market trends. Company Fundamentals: While this analysis is purely technical, it's always advisable to have a basic understanding of the company's fundamentals and any upcoming news or events. Market Volatility: The market can be volatile. Be prepared for fluctuations and adjust your strategy accordingly. In summary, Hindustan Zinc presents a compelling technical setup for a buy, with clear targets in the near to mid-term. However, proper risk management with a defined stop loss is paramount. Disclaimer: This is not financial advice. Always conduct your own analysis before trading. We are not responsible for your loss. Do your own research before buying this stock.
NSE:HINDZINCLong
by ForexTrader4all
Brainbees Solutions Ltd view for Intraday 28th May #FIRSTCRY RBrainbees Solutions Ltd view for Intraday 28th May #FIRSTCRY Resistance 360 Watching above 361 for upside momentum. Support area 350 Below 355 ignoring upside momentum for intraday Watching below 348 for downside movement... Above 355 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks, V Trade Point Resistance 360 Watching above 361 for upside momentum. Support area 350 Below 355 ignoring upside momentum for intraday Watching below 348 for downside movement... Above 355 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks, V Trade Point
NSE:FIRSTCRYLong
by vichithra
VEDANTA Red Arrows (Resistance Points): The three red arrows indicate the points where the stock touched the trendline and then faced a decline. These points represent resistance levels where selling pressure pushed the price down. --- Breakout Attempt: Towards the end of the chart (around May 2025), the stock is closing above the trendline (at โ‚น448), which could be a potential breakout signal. If you find this helpful and want more FREE forecasts in TradingView, Hit the 'BOOST' button Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?) Your support is appreciated! Now, it's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Have a successful week DISCLAIMER: I am NOT a SEBI registered advisor or a financial adviser. All the views are for educational purpose only
NSE:VEDL
by milanpatel007
Market Outlook and Entry Strategy for UPLBased on the daily chart structure, the current market trend is bullish, evidenced by a Break of Structure (BOS). The price has already retraced to the 70% Fibonacci level on the same timeframe, indicating a healthy pullback within the ongoing trend. However, despite this bullish context, this is not yet an ideal high-probability entry for either swing or short-term positional trading. The reason is that there remains an unmitigated Fair Value Gap (FVG) located near an extreme order block. This inefficiency could draw price lower before a continuation move. Recommended Strategy: Wait for price to revisit the order block that aligns with the FVG. Upon reaching this zone, look for confirmation via: A Change of Character (CHoCH) or A Flip zone formation on a lower timeframe. Entry Confirmation: For swing trading, monitor the 15-minute timeframe for a CHoCH or flip as confirmation. For short-term positional entries, use the 1-hour timeframe to confirm a reversal or structure shift. Once confirmation is observed at the order block zone, this will provide a high-probability entry aligned with the prevailing bullish trend and refined institutional order flow concepts.
NSE:UPLLong
by Parthasarathi_Dey