Hindustan Zinc - Harmonic M 333 with the Zinc Coating at 230-240
Diupdate
Zinc has an excellent corrosion resistance property hence used as preferred coating material in industries. Galvanization is the process of applying a protective zinc coating to steel or iron, to prevent rusting so we enjoy but I will excited if this coating goes off which is artificial to expose it's real beauty.
So, we want this coating to go off above 250 on sustained basis & may it shine again.
Since, early 2017 it has been falling from 333 Highs. A harmonic pattern could complete in 230-240 - "Most important- which trader forgets is we wait for market confirmation before even trying our hands".
We want prices to halt between 230-240 -Hold & show us the way upside - preferably moving above 250 to give us confidence that it can shine again at 333+
Trading Strategy
Looking for a move above 250+ for us to initiate the long positions or risk taker can check the zone 230-240 for possible reversal- if happens else throw this analysis & move forward.
So, we want this coating to go off above 250 on sustained basis & may it shine again.
Since, early 2017 it has been falling from 333 Highs. A harmonic pattern could complete in 230-240 - "Most important- which trader forgets is we wait for market confirmation before even trying our hands".
We want prices to halt between 230-240 -Hold & show us the way upside - preferably moving above 250 to give us confidence that it can shine again at 333+
Trading Strategy
Looking for a move above 250+ for us to initiate the long positions or risk taker can check the zone 230-240 for possible reversal- if happens else throw this analysis & move forward.
Trade aktif
13:29 Hrs 24th April2017Day Low@230.15
Last Price@232.50
Kissed the bottom of the zone 230-240 - Now we want to see reversal to get some hope for upside else falling below 230 -we will have wait & watch.
Trade aktif
11:50 Hrs 25th May2017Last Price@233
Started giving signs of hope. Holding 427 on downside - we should look for higher targets in Zinc.
Give me the Zinc Power!
Catatan
11:52 Hrs 25th MAy2017Sorry for typo above - it is 227 instead of 427
Trade aktif
12:17 Hrs 25th May2017Analysis is based on cash market price.
Last Price234
If Zinc comes in 229-231 zone - if takes support -Then with stops below 226.50 we will initiate long call.
Trade aktif
11:11 Hrs 26th May2017Last Price@243.40
Boom -it came close to desired zone of 229-231 at 232.50 -early morning opening session.- Awesome
Trading ditutup secara manual
12:51 Hrs 26th May2017Last Price@240
Closing this call as well. Kindly monitor yourself.
Catatan
This stock was awesome pick at 230-235 zone.Catatan
13:48 Hrs 28th Sep2017Last price@292
Hind Zinc went so close to 333 - Made Recent Highs of 315 from 230-240 - Move of 75 points . Wow!
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
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