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Technicals for Hindustan Zinc Limited
By MusingTheNews
2026-02-02 20:38
Overall Technical outlook
Price Summary
The stock of Hindustan Zinc Limited experienced a 7.98% rise, showcasing a outstanding market performance. Hindustan Zinc Limited's stock started the year at 565.0, climbed to a high of 614.0, fell to 560.35, and closed 7.98% up at 610.1, with 37028273 shares traded on 2026-02-02. The stock's highest price over the 52-week span is 727.2, while the lowest price is 387.45. 16 analysts estimate that the future price of HINDZINC will fall between 436.0 and 750.0, with an average price expectation of approximately 612.75.
Technicals
Support and Resistance: The price of 610.1 is supported at 512.25 and encounters resistance at 618.55. This suggests key levels where the price might find stability, with 512.25 providing a base and 618.55 acting as an upper boundary for HINDZINC. Support/Resistance for HINDZINC
Aroon: AROON is currently indicating a strong bearish trend, with Aroon Down increasing and the Aroon Oscillator remaining low. This combination suggests that the downward price trend is likely to persist, signaling ongoing bearish momentum. The persistent low level of the Aroon Oscillator indicates further weakness. Aroon chart for Hindustan Zinc Limited
Bol. Bands: After trading below the lower Bollinger Band, the price has now crossed above it in the latest move. This shift suggests that the market may be bouncing back from oversold conditions, potentially signaling a reversal in the bearish trend. The upward crossover could indicate the beginning of a recovery or at least a pause in the downward momentum for HINDZINC. Bolinger Bands chart for Hindustan Zinc Limited
Parabolic SAR: The PSAR continues its bearish outlook, setting a key resistance level that could limit upward potential. This resistance suggests that the market may struggle to break higher, reflecting ongoing bearish pressure for HINDZINC. Parabolic Stop and Reverse chart for Hindustan Zinc Limited
Stochastic: The STOCHASTIC is showing a neutral stance, not indicating a clear upward or downward trend for Hindustan Zinc Limited. This suggests a period of market balance, where neither side is showing dominance. Stochastic chart for Hindustan Zinc Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages suggests a bearish trend, but the wavering slopes of the 20 and 50 SMAs hint at a potential shift. This weakening of momentum could indicate that the bearish trend is running out of steam, possibly leading to a bullish reversal in the near future. Investors should be aware of the possibility of a market turnaround as the current downtrend weakens for Hindustan Zinc Limited. Tripple SMA chart for Hindustan Zinc Limited
Analyzing the technical indicators of a company, such as stock price and trading volume, requires first understanding its fundamentals. These fundamentals include profitability, growth potential, and market position. Furthermore, knowing the broader industry trends and competitive landscape provides critical context. When both the company's internal data and the external environment are considered, it allows for more meaningful conclusions about the company's technical performance and future trajectory.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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