Hindustan Zinc: Breakout Confirmation on Strong Fundamentals 🚀

🔹 Technical Structure Elliott Wave Count: The recent up-move looks like the start of a fresh Wave 3 impulse after a corrective Phase 2. Wave 3 is usually the strongest, indicating more upside potential. MACD Divergence: A bullish divergence has been forming — while the price was making equal-to-lower lows around August, MACD maintained higher lows, signaling momentum accumulation. AVWAP Levels: The breakout has happened right above the anchored VWAP from the June high. This confirms ₹456-460 as a strong support zone going forward. 🔹 Fundamentals that Back the Move High ROCE & ROE: Hindustan Zinc consistently delivers robust return ratios, showing efficient capital utilization. Consistent Profit Growth: The company maintains steady earnings powered by demand in zinc, silver, and base metals. Dividend Yield: It remains among the top dividend-paying companies, adding further value to investors.