New Delhi: The stock of Hindustan Zinc has seen a bumper gain of 4 per cent. As soon as the market opened on Wednesday, the shares of Hindustan Zinc saw a tremendous gain of 4 percent and this stock has become the top trading stock of the day. NSE Code – HINDZINC remains in the top in Nifty 500 group. There is a boom in stock buying. Let us tell you that the Government of India is the leading company in zinc production and distribution.
Technically speaking, the stock is showing a strong uptrend. The stock has gained 15 per cent in the last one month. The stock volume continues to grow and remains above average. Which is indicating a strong trading. Interestingly, all the moving averages of the stock are in an uptrend and exhibiting bullish momentum on all the time frames. Currently it is 8% above 20-DMA. At the same time, it remains above 200-DMA by 22 percent. Its 14-day RSI (72.70) is in the super bullish zone and signals strong strength in the stock. And the relative strength of the stock is above zero. Suggests the outperformance of the stock in the border market. Other momentum oscillators and technical parameters are showing positive price signals for the stock. The Rs 370 level is acting as an important medium resistance to overcome. This stock can see further gains. Meanwhile, support is formed near Rs 345 and Rs 333 levels. Traders can add this stock to their watchlist.
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