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...
HINDZINC trade ideas
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
Hindustan ZincSun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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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.
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.