HINDZINC 1 Day View

📊 Intraday Support & Resistance Levels

Immediate Support: ₹442.00 – A level where buyers have previously shown interest.

Immediate Resistance: ₹455.90 – A recent high that may act as a barrier to upward movement.

Additional Resistance Levels:

₹461.80

₹470.70

₹479.60

₹494.00

Additional Support Levels:

₹427.50

₹436.40

🔍 Technical Indicators

Relative Strength Index (RSI): Approximately 41.05, indicating a neutral to bearish momentum.

Moving Average Convergence Divergence (MACD): At -1.680, suggesting a bearish trend.

Average Directional Index (ADX): Around 21.33, indicating a weak trend strength.

Stochastic Oscillator: Approximately 63.96, pointing to neutral momentum.

⚠️ Trade Considerations

Bullish Scenario: If the price sustains above ₹442.00, there may be potential for a rebound towards ₹455.90.

Bearish Scenario: A drop below ₹442.00 could lead to further declines, possibly testing lower support levels.

📊 Pivot Points

Central Pivot Point: ₹454.53

Resistance Levels: ₹463.47 (R1), ₹477.83 (R2), ₹486.77 (R3)

Support Levels: ₹440.17 (S1), ₹431.23 (S2), ₹416.87 (S3)

📝 Outlook

Bullish Scenario: If the price sustains above ₹442.00, there may be potential for a rebound towards ₹455.90.

Bearish Scenario: A drop below ₹442.00 could lead to further declines, possibly testing lower support levels.