Technical Pick – Hind Zinc
•Hind Zinc is finding support at 314 and resistance above 308.
•On Daily chart, Hind Zinc is showing breakout point above 314 level.Break and sustain above 114 will see nonstop rally till 320--327++ in weeks to come.
•Hind Zinc has been trading in a broader range of 210--333 for last one year.
•MACD showing positive momentum which indicates that upside side seems certain in it.
•Traders don’t go for aggressive or positional selling at all because trend looks positive and we expect rally to remain continue till 320--327+++mark in coming weeks.
For positional trade, stop loss seeing below 308 on closing basis which in unlikely to breach in near terms.
Trading Recommendation(08-09-17)
Buy Hind Zinc above 314 and for the initial upside target of 320--327++ mark with stop loss below 308 on closing basis.
More will update soon!!
