|Buy Range||285 – 290|
|Target||308 – 318|
|Duration||15 – 20 Trading Sessions|
|Potential Return^||7 – 10%|
|CMP#||Idea||Buy Range||Target||StopLoss*||Duration||Potential Return^|
|288.85||BUY||285 – 290||308 – 318||275||15 – 20 Trading Sessions||7 – 10%|
# CMP on Apr 05, 2019
* Maintain recommended StopLoss by daily closing basis.
Once 1st target hit, reset StopLoss at 298.
^ The returns are calculated based on CMP#
Hindustan Zinc, a subsidiary of Vedanta Limited, explores, extracts and processes minerals in India and Internationally. The company produces refined Zinc, Lead, Silver, Cadmium and Sulphuric acid and also operates in thermal captive power plants, wind power plants, solar power plants and waste heat power plants. Hindustan Zinc Q3 profit drops to Rs 2,211 crore for the December 2018 quarter, against Rs 2,298 crore in the year-ago period.
|Sectoral Index||Nifty Metal|
TECHNICAL OBSERVATIONS (WEEKLY)
- Stock Price has recently made upside breakout from the downward sloping channel on weekly chart.
TECHNICAL OBSERVATIONS (DAILY)
- Higher Tops and Higher Bottoms at Daily Charts.
- Indicators like MACD turned bullish on Daily Charts. This momentum pattern indicating an opportunity for a BUY trade.