Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
BUY HINDUSTAN ZINC
CMP: Rs 244.40
TARGET: Rs 290
STOP LOSS: Rs 220
The stock has made a decent correction from Rs 328 to Rs 226 and from thereon has made a recovery to move past Rs 240. The RSI has reversed from its oversold zone and is on the rise along with positive MACD. With good volume participation, we anticipate the stock to give a strong upward move and hence we recommend a buy in this stock for an upside target of Rs 290 keeping