Top Trending Stock: Kamal Karol Hindustan Zinc! Prices rose more than 4 percent in one day –

Top Trending Stock: Shares of Hindustan Zinc (NSE code – HINDZINC) rose over 4% in the early hours of Wednesday’s trading session. The stock is one of the trending stocks in the Nifty 500 group amid fresh buying interest. Hindustan Zinc Enterprises is a leading company in manufacturing and distribution of zinc and lead.

Technically, the stock is in a strong uptrend, rising nearly 15% in the past one month. Volume has been increasing in recent times and is above average and indicates strong trading activity in the stock. Interestingly, all its moving averages are in an uptrend and exhibit bullishness throughout the timeframe. It is currently about 8% above its 20-DMA and 22% above the 200-DMA. The 14-day RSI (72.70) is in super bullish territory and indicates strong strength for the stock A stock’s relative strength is above zero and suggests a stock’s outperformance against the broader market. Other momentum oscillators and technical parameters are consistent with the stock’s positive price action.

Stock Market Update (Image Courtesy - Pixabay)

The Rs 370 level will act as an important intermediate resistance to overcome, following which the stock may move higher. Meanwhile, supports are placed at Rs 345 and Rs 333 levels. Traders can include this stock in their watchlist to keep an eye on its further profit-loss for the upcoming trading session.

This article is powered by ‘Dalal Street Investment Journal’, India’s No 1 investment magazine. To be regularly updated about winning stocks and recommendations do join by clicking here.

Disclaimer : This above is third party content and TIL hereby disclaims any and all warranties, express or implied, relating to the same. TIL does not guarantee, vouch for or endorse any of the above content or its accuracy nor is responsible for it in any manner whatsoever. The content does not constitute any investment advice or solicitation of any kind. Users are advised to check with certified experts before taking any investment decision and take all steps necessary to ascertain that any information and content provided is correct, updated and verified.

Leave a Comment