Hindustan Zinc is setting up for a breakout of a multi year inverse head and shoulders pattern!!
When price breaks out up of 339.3 on a monthly closing basis; anticipate an accelerated upward move which can go as high as 952. Stop loss can be set at 297.5. If stop loss hits, anticipate one more swing low to 216 levels before stock resumes uptrend.
Stock also has a history of providing healthy dividends; stock is in a long term uptrend!
When price breaks out up of 339.3 on a monthly closing basis; anticipate an accelerated upward move which can go as high as 952. Stop loss can be set at 297.5. If stop loss hits, anticipate one more swing low to 216 levels before stock resumes uptrend.
Stock also has a history of providing healthy dividends; stock is in a long term uptrend!