Hindustan Zinc yesterday broke from downward trading channel that too with much higher volume compared to average daily volume. It is already trading above 20 DMA and yesterday crossed 50 DMA which if sustains above that will be considered short term bullishness in the scrip. However stock has made triple bottom as shown in the chart and should continue to move upwards in coming trading sessions.
Stock can be bought at CMP (121.8 as on yesterday) or in every dip till 116 with the target of 130 in short term.
CMP - 121.8 as on 20 june 12
Stop loss - 115
