Positional pick:
HindZinc:
Keep an eye on this counter in the zone of 190 to 169. This stock is about to approach an important support juncture from 190-169. As it is a positional pick my stop-loss would be @ 155 on closing basis.
Targets are 224-234, 258, 285, 305, 333.
A close above 344 will open the higher gates for 401 ,441, 485, 529.
Reasons for going long :
Yearly C2 (Bullish),
50%,
Time & price are going to get squared,
Multiple time cycles are going to get complete,
Price ranges are going to get squared.
Price squaring form top,
2B on weekly charts,
Gann Sq of 9 Level ,
Gann Angle,
Trend-Line.
HindZinc:
Keep an eye on this counter in the zone of 190 to 169. This stock is about to approach an important support juncture from 190-169. As it is a positional pick my stop-loss would be @ 155 on closing basis.
Targets are 224-234, 258, 285, 305, 333.
A close above 344 will open the higher gates for 401 ,441, 485, 529.
Reasons for going long :
Yearly C2 (Bullish),
50%,
Time & price are going to get squared,
Multiple time cycles are going to get complete,
Price ranges are going to get squared.
Price squaring form top,
2B on weekly charts,
Gann Sq of 9 Level ,
Gann Angle,
Trend-Line.
 |
| HindZinc (Underlying) |
**The above readings are for educational purpose only.**
** Disclaimer: these are my personal views and for educational purpose and trade taken on these observation should be traded with strict SL. Please also read the detailed Disclaimer mentioned in the Right side of Blog.
