Stock Trading Tip :Hindustan Zinc
Hindustan Zinc is presenting an interesting chart.
Today (15th March 2016), it closed at 171.70 which is 20 Rs below 4 year high(Rs 190+)
In past 4 years it has not been able to cross 180 on sustained basis.
See the chart for one year
Buy can be initiated at current price.
Stop loss will be in 152-154 levels
And initial target is Rs 190.
And midium term target is Rs 220.
If Nifty dips below 7250 on closing basis,then buy becomes invalid and is time to square off the position irrespective of profit or loss
Hindustan Zinc is presenting an interesting chart.
Today (15th March 2016), it closed at 171.70 which is 20 Rs below 4 year high(Rs 190+)
In past 4 years it has not been able to cross 180 on sustained basis.
See the chart for one year
Stop loss will be in 152-154 levels
And initial target is Rs 190.
And midium term target is Rs 220.
If Nifty dips below 7250 on closing basis,then buy becomes invalid and is time to square off the position irrespective of profit or loss
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