🚀 Hindustan Zinc – Major Weekly Breakout After 1-Year Accumulation

🔍 1. 14–15 Month Accumulation Range Price stayed inside a wide rectangular consolidation between: Support: ₹405–420 Resistance: ₹540–545 This accumulation lasted more than a year — which means: 👉 The longer the base, the stronger the breakout. 👉 Institutions quietly accumulated throughout the range. Your zone marking is absolutely correct. 🔥 2. Powerful Weekly Breakout Candle The latest weekly candle: +12.76% up move Huge green body Closed strongly above ₹545 resistance Highest weekly close since mid-2024 Volume spike (visible in the background) This is a clear, decisive breakout, not a wick or a false break. 🧩 3. Failed Breakdown → Reversal Pattern Notice the February–March 2025 dip toward ₹405. That was a failed breakdown, which usually leads to: ▶️ Sharp reversal ▶️ Fresh trend beginning ▶️ Move toward the top of the megaphone/rectangle This makes the breakout even more meaningful. 🎯 4. Upside Targets (Weekly Timeframe) Target 1 (Immediate): ₹600–620 A psychological + structural zone. Target 2: ₹675–700 Measured move from the height of the rectangle: Range height: 545 – 405 = 140 Breakout target: 545 + 140 = ₹685 This matches historical supply zone as well. Target 3 (Extended): ₹750+ Only if metal prices and sector sentiment remain strong.