HINDZINC - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.0

Here’s a detailed technical analysis of Hindustan Zinc Ltd (HINDZINC)

📊 Trend Overview

Current Phase: Mild uptrend with signs of consolidation

Price Action: Trading above both 50-DMA (₹440) and 200-DMA (₹450), indicating a bullish bias.

Volume: Current volume (23.3L) is significantly below the 1-week average (57.3L), suggesting reduced momentum and possible consolidation.

📈 Momentum Indicators

RSI (59.4): In the neutral-to-bullish zone — indicates strength but not overbought.

MACD (7.07): Positive and diverging — confirms bullish momentum, though not aggressive.

Bollinger Bands: Price likely near upper band, suggesting strength but also a potential pause or pullback.

🧭 Chart Patterns

Rounded Base Formation: Price recovery from ₹378 lows forming a smooth base — bullish continuation setup.

Trendline Support: Rising trendline from ₹378 remains intact, supporting the current structure.

🔍 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 440 50-DMA, short-term base

Support 2 425 Previous swing low

Support 3 400 Long-term support zone

Resistance 1 470 Minor resistance zone

Resistance 2 500 Psychological level

Major Resistance 575 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹440–₹455 (on dips with volume confirmation)

Short-Term Target: ₹470–₹500

Exit Zone / Stop-Loss: ₹425 (below swing support)

🔄 Short-Term Outlook

Momentum: Mild bullish with consolidation signs

Bias: Positive above ₹440; cautious below ₹425

Phase: Trending with consolidation — no signs of reversal

🧠 Key Takeaways

HINDZINC is showing a steady uptrend supported by moving averages and MACD.

RSI and volume trends suggest a pause or mild consolidation before the next leg up.

A breakout above ₹470 with volume could push toward ₹500–₹575.

Let me know if you’d like a visual chart or a screener of similar dividend-rich trending stocks.

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