Hindustan Zinc – Rounding Bottom Breakout (Pre-emptive)
Setup: Rounding bottom formation on higher timeframe
CMP: ₹690
SL: ₹570 (structure breakdown)
🎯 Targets (trail progressively)
T1: ₹737 T2: ₹807 T3: ₹895 T4: ₹1,110 T5: ₹1,236
Fibonacci confluence: Long-term Fibonacci extension 1.61 ≈ ₹1,211, aligning with T5 zone → strengthens the structural target.
🔗 Why this works
Silver linkage: Hindustan Zinc benefits from silver strength; the ongoing global silver run supports the upside bias.
Fundamentals: Quarterly results were strong, improving confidence to hold through volatility.
Structure: Rounding bottom indicates accumulation → expansion if the neckline sustains.
⚠️ Risk & Execution Notes (read carefully)
If global cues turn unstable and silver corrects, expect sharp volatility.
Do NOT go all-in. Use staggered buying near dips/confirmations.
Strict position sizing is critical; patience required to capture higher targets.
Trail SL once T1–T2 is achieved to protect capital.
⚠️ Clarification:
This is an independent analysis based purely on technical and market study. No part of Religare is involved in this view or recommendation.
📝 Important:
I am not responsible for any loss or profit incurred. I am not taking any fees for these views – just sharing my analysis for educational and informational purposes.
📉 Disclaimer: Not SEBI-registered. Please do your own research or consult a financial advisor before taking any investment decision.
Setup: Rounding bottom formation on higher timeframe
CMP: ₹690
SL: ₹570 (structure breakdown)
🎯 Targets (trail progressively)
T1: ₹737 T2: ₹807 T3: ₹895 T4: ₹1,110 T5: ₹1,236
Fibonacci confluence: Long-term Fibonacci extension 1.61 ≈ ₹1,211, aligning with T5 zone → strengthens the structural target.
🔗 Why this works
Silver linkage: Hindustan Zinc benefits from silver strength; the ongoing global silver run supports the upside bias.
Fundamentals: Quarterly results were strong, improving confidence to hold through volatility.
Structure: Rounding bottom indicates accumulation → expansion if the neckline sustains.
⚠️ Risk & Execution Notes (read carefully)
If global cues turn unstable and silver corrects, expect sharp volatility.
Do NOT go all-in. Use staggered buying near dips/confirmations.
Strict position sizing is critical; patience required to capture higher targets.
Trail SL once T1–T2 is achieved to protect capital.
⚠️ Clarification:
This is an independent analysis based purely on technical and market study. No part of Religare is involved in this view or recommendation.
📝 Important:
I am not responsible for any loss or profit incurred. I am not taking any fees for these views – just sharing my analysis for educational and informational purposes.
📉 Disclaimer: Not SEBI-registered. Please do your own research or consult a financial advisor before taking any investment decision.
거래청산: 스탑 닿음
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.