HINDZINC Going Into Bearish Zones

Hindustan Zinc Ltd (NSE: HINDZINC) recently started moving into Bearish Momentum Territory as per TTC Breakout Formation. Right now, it is at a Critical Support Zone around 309. If it breaks decisively below this zone (on 1-hour closing basis), we may see sellers gaining control over the buyers.

For Short-term targets, Trader should eye on 300 Zone. Then 290 is the next support. For Swing Traders, 271 Zone is Very Critical. Below which we can see a good amount of selling.

Hindustan Zinc Limited is an integrated mining and resources producer of zinc, lead, silver and cadmium. It is a subsidiary of Vedanta Resources PLC. HZL is the world's second-largest zinc producer.