HINDZINC trade ideas
Hindustan ZincSun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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HINDZINC NSE BULLISH ABOVE 360HINDZINC is bullish if it holds above 360. Near all-time high.
** For educational purposes only
BSE:HINDZINC
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
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Hindustan Zinc - Channel BreakoutSharp move in Zinc futures..The price of the stock is quite coorelated to the Metal.
Expect the stock to most likely to follow thru tomorrow. If it does it breaks a downward channel the stock has been in.
Long above 339 with a tight SL of 330.
First target 351 followed by 363.
HINDUSTAN ZINC ( reversal pattern )HINDUSTAN ZINC in weekly time frame we could see reversal in channel pattern and also tested the fibonacci retrace level .
361 price is the crucial one ( all time high ) .
RSI divergence in positive .
Break of trendline and testing of demand zoneon 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 is ready for UP move?HINDZINC: seems like in the process of completing symmetric triangle. is it ready for Up move ?
Continuation of the Pitchfork Analysis on HINDZINC 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.
Andrews Pitchfork - Study and AnalysisSharing 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 to lack of a sharp fall on the downtrend - it was more a gradual bearish decline to the left of the chart. You can also see the price crossing median line on the Schiff's fork but failing to follow through. However I was keen to see if the price did really test and reverse the upper line of the Schiff's fork which it seems to be testing at the moment.
Please treat this as an study and please bear with my rudimentary attempt to understand this Price leading indicator along with my Volume studies.
long after breakout retest.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.
HINDUSTAN ZINC - Long Term ViewGood Opportunity for long term investment in Hindustan Zinc @ Important Levels.
Bullish on Hindustan zincFrom 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....
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.
HindZinc @ Buywe can go for long in Hindzinc because after consolidation it breaks out and retesting the level
VCP pattern in some key NIFTY stocksAnalysed 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.
HINDZINCBreaking 52 week high with good volume
10-15% move possible in 1 month Time frame
Buy in dips till 330
Strict SL 315
