HINDUSTAN ZINC
- HIND ZINC is currently moving in a down channel formation this indicates as long as stock trading in in down channel if will favor bears, but now stock is trying to beak its down channel and trading near resistance as shown above in graph no1 , chart indicates once stock closes and hold above 172.50 then bulls will get active and can see some strong move in hind zinc for next 2-3 trading days.
- Intraday Call - close watch once stock starts trading above 172.50, if holds above during market hours then intraday bulls action is expecting.
- As per graph no2. stock is moving up from 100 day moving average, this will favor bulls as long as holds above.
- Suggested Reading - HCL TECHNOLOGIES moving in up channel formation, further strength expecting once close above its trend line resistance.
- As per graph no3 stock is also facing golden ratio resistance around 172.50 , closing above 172.50 will favor bulls as stock also facing down channel resistance as explained in chart no1. Close Watch.
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