Golden Crossover - HINDZINC📊 Script: HINDZINC
📊 Sector: Non Ferrous Metals
📊 Industry: Mining / Minerals / Metals
Key highlights: 💡⚡
📈 Golden Crossovers are seen into the Script.
📈 Golden Crossover is where slow moving average line crosses fast moving average above.
📈 Although Script is trading at All Time High we may see some bullish rally.
⏱️ C.M.P 📑💰- 431
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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HINDZINC trade ideas
HINDZINC, A consolidation of 2525 Days with 2.335 Billion VolumeHindzinc is successfully testing its lows with a gap up strength move on Weekly time frame and successfully testing the lows. It has given the inside candle breakout on monthly time frame too.
The stock looks to break the highs and I will look for a preferable entry.
CMP- 317.25/-
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!
Breakout Possible Stock! #HINDZINCBreakout Possible Stock!
Hindustan Zinc Ltd. #HINDZINC
1- Rising above Volume Profile
2- MACD Positive Crossover
3- High Weekly Volumes
Note: Technical Analysis is for Educational Purpose. I am not SEBI registered. Consult your financial advisor for any Investment Advice.
HINDZINCNSE:HINDZINC
One should Wait for the WEEKLY close Above the trendline !
Keep in your watchlist enter on Friday !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
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...
Hind zinc Company has reduced debt.
Company is almost debt free.
Stock is providing a good dividend yield of 11.3%.
Company is expected to give good quarter
Company has been maintaining a healthy dividend payout of 98.1%
negative :
The company has delivered a poor sales growth of 11.2% over past five years.
Promoters have pledged 86.0% of their holding
Rounding Bottom pattern activatedHindzinc daily chart is being seen as rounding bottom pattern with volumes activities and
It is also fundamentally attractive valuation available with strong balance sheet. Quarterly results were also very strong posted by company.
Stop Loss : 255
Target : 307, 325, 385
Time Frame : 1 year
Investment as per your risk profile..
Risk is yours and Reward is too yours totally.
#hindzinc #vedl #hindcopper #coalindia #xauusd #xagusd #steel #HINDZINC
NSE:HINDZINC
NSE:HINDZINC
HINDZINC
CMP 304
Target 390+
SL 285
TF < 6 months
RR > 4
Return 30%
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia