Hindustan Zinc is inside a channel where price is lil far away from bottom line and has made double bottom which indicates down trend is weak... But price is getting rejected from 247 which is a resistance level...
If price breaks 247 and sustain above that then we can consider it as a confirmed breakout..
In case of Breakout my targets will be 255/268/282/290+ where as SL will be 240 just below that resistance which could definatly act as support if price sustain above those levels...
And ,
If price break the bottom support region 230-220 (chances are less) then we can consider, it will follow downtrend with the channel... So, in that case target will be 212/200/190 and SL : 225
In both the cases Risk Reward Ratio is favourable...
Note: Do your own study before making any position...
Please Like, Follow and Comment your views below...
تم فتح الصفقة
⋅
تم فتح الصفقة
⋅
تم فتح الصفقة
⋅
Breakout....
أغلقت الصفقة: تم الوصول للهدف
⋅
Breakout!! Get Set Buy :D
تم فتح الصفقة
⋅
Breakout!! Get Set Buy :D
أغلقت الصفقة: تم الوصول للهدف
⋅
target 1 255 reached :D
تم فتح الصفقة
⋅
heading towards 2nd target :D
أغلقت الصفقة: تم الوصول للهدف
⋅
second target reached...
تم فتح الصفقة
⋅
revise SL for 3rd tgt
تم فتح الصفقة
⋅
تم فتح الصفقة
⋅
rising high..
تم فتح الصفقة
⋅
تم فتح الصفقة
⋅
near to hit 3rd tgt
أغلقت الصفقة: تم الوصول للهدف
⋅
3rd target reached :D :D :D revise SL for 4th :D
تم فتح الصفقة
⋅
very near to 4th come on baby 5 pts more to hit 4th tgt :D