HINDZINC

stock price analysis and breakout

after a uptrend the stock price of

started consolidating between the range of 502 and 545 and formed a rounding top chart pattern on daily basis chart on 5th june the stock price closed above 200 moving averageafter which a sharp uptrend was seen it started consolidating from 11th june and yesterday the stock price closed below the important support level of 502 the 200 moving average will act as an important support level if the gives its closing below 200 moving average we will be further bearish in it