Hindustan Zinc - Potential reversal
The stock has been hovering around the 200EMA (A little higher and a little lower) since a while now.
Zinc commodity prices had fallen below $3000 and today Zinc has shot back above $3050 on high demand from Singapore.
Long at current prices with double up above 200EMA (500).
Tight Stoploss below 480. Target again 550/565.
Zinc commodity prices had fallen below $3000 and today Zinc has shot back above $3050 on high demand from Singapore.
Long at current prices with double up above 200EMA (500).
Tight Stoploss below 480. Target again 550/565.
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