Buy Hindustan Zinc between Rs 185.40 to Rs 179. Stoploss at Rs 172 :HDFC Sec

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 The stock is showing positive bias for the short term.  Medium term consolidation phase breakout has been witnessed with strong positive candle which opens up a fresh bullish trigger.  Price has completed major corrective leg at 152.50 levels which is triple bottom support.  From the bottom price has started moving up and it has been forming higher tops and higher bottoms which is a bullish continuation formation. In addition price is trading above all key moving averages. Target for the bullish leg could placed around 200 – 210 levels.  Traders could buy the stock between CMP to 179 with the stoploss of 172 on closing basis for the targets of 200 - 210.


LINK
http://www.hdfcsec.com/Share-Market-Research/Research-Details/StockReports/3011514