ZINC1! Zinc Futures are retesting a previously respected breaker block, which aligns with an important support zone after a strong impulsive rally.
The current decline appears corrective, forming a short-term falling channel while the broader market structure remains constructive. A sustained hold above the marked demand area, followed by a breakout from the channel, could indicate renewed bullish momentum.
For now, the reaction around this support zone remains the key area to watch.
Key Levels to Watch
Immediate Support : Breaker Block / Demand Zone around ₹372–373
Major Support : Previous swing low near ₹368–370
Immediate Resistance : Falling channel resistance
Major Resistance : Recent swing high around ₹379–380
Educational Note
This setup highlights how breaker blocks, trend structure, and corrective channels can work together to identify high-probability areas where demand may re-enter the market. Waiting for confirmation before acting is generally more prudent than predicting the next move.
Disclaimer: Shared for educational purposes only. This is not financial advice. Always wait for confirmation and manage risk appropriately.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.