Hindustan Zinc hits 52-week low; expected to fall further

  • The stock has been under selling pressure after the outcome of Q3 earnings and tested 52-week low on 23rd Jan 2019.
  • The stock has been consolidating near the strong support 260 level in the last three trading sessions.
  • On the derivative front, the increase in open interest is seen as a bearish sign.
  • The recent development in the stock reflects that the stock is well placed to break the major support.
  • The 283 level will play out as resistance zone for the stock.
By | 2019-01-25T13:43:25+05:30 January 25th, 2019|Categories: Stocks to Sell|Tags: |0 Comments

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Hindustan Zinc hits 52week low; expected to fall further

Hindustan Zinc hits 52-week low; expected to fall further The stock has been under selling pressure after the outcome of Q3 earnings and tested 52-week low on 23rd Jan 2019. The stock has been consolidating near the strong support 260 level in the last three trading sessions. On the derivative front, the increase in open