Hindustan zinc, Up move or Down move ?
As of 18/5/2021
Pattern formed: Ascending triangle
Candlestick pattern formed: Bullish marubozu
Resistance level (arround 322-333 price levels) : Tested 3 times.
NOTE: Resistance level and ascending triangle pattern both broken with high volume on 18th May 2021.
RSI: Above 60
MACD: Shorl length line over long length line
Trend pattern: Sideways
According to Technical Analysis: Stock will move upward.
According to personal observation: Stock will correct up to price levels of around 332-334 before moving in any direction.
Result: Wait for correction.
Pattern formed: Ascending triangle
Candlestick pattern formed: Bullish marubozu
Resistance level (arround 322-333 price levels) : Tested 3 times.
NOTE: Resistance level and ascending triangle pattern both broken with high volume on 18th May 2021.
RSI: Above 60
MACD: Shorl length line over long length line
Trend pattern: Sideways
According to Technical Analysis: Stock will move upward.
According to personal observation: Stock will correct up to price levels of around 332-334 before moving in any direction.
Result: Wait for correction.
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