Short Term Pick: Hind Zinc

Analysis:

• ·         Stock has made 52 week high of 170 (3^rd June 2014) & Low of 94 (2^nd Aug 2013).
• ·         Stock has given a probable up flag pattern breakout which is a continuation price pattern.
• ·         Indicators like ADX, RSI, ROC & MACD suggest buy signal.  
• ·         Stock is above its 20 days SMA, 50 days EMA, 100 days EMA & 200 days EMA suggest it’s in uptrend.

Strategy: Buy Hind Zinc at CMP- 168.40 and add on dips for possible Target- 190/ 200 with stop below 161 on daily closing basis.