HINDUSTAN ZINC LTD
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#HINDZINC CHART ANALYSIS:FIB RETRACEMENT AND EMA ALIGNMENT

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HINDZINC is currently in a correction phase in the higher time frame,likely to find its base.

HINDZINC HAS RETRACED TO ITS 0.618 FIB LEEVEL AND IS POISED FOR A POTENTIAL UPWARD MOVE.
Additionally,it is approaching a higher time frame demand zone [ marked as POI in chart]
and is currently resting on its weekly 50 ema , indicating a strong support level.


A bullish breakout above the marked point, followed by a sequence of higher highs and higher lows,could indicate a strong uptrend and potentially lead Hind zinc to new all- time highs.

Feragatname

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