🚀 Breakout Watch: Hindustan Zinc Ltd (HINDZINC) 📍 CMP: ₹468.75  📊 Volume: 8M  📅 4 June 2025 Hindustan Zinc is now approaching the breakout point of a well-structured Rectangle Pattern, which has been in formation for the last 6 months. This is a clean range setup with bullish intent, supported by recent volume and strong candlestick momentum. 🔹 1. Pattern Overview – Rectangle Base (6 Months) The stock has been oscillating between ₹420–₹475 for nearly half a year, forming a horizontal rectangle consolidation. The upper boundary around ₹475 has been tested multiple times, but supply has consistently capped further upside… until now. What makes this compelling is how price is once again at the top of the range, but this time with a strong bullish tone in both candles and volume — a sign of pressure building. 🔹 2. Candlestick Behavior – Demand Dominance In the last 6–8 sessions, price has formed a string of bullish candles, with several days closing near the high — reflecting consistent buying. Today's candle added +3.44% with strong range and low upper wick — suggesting little intraday selling. More importantly, we’re seeing: * Higher lows within the rectangle * Tight candles with strong real bodies * Clear breakout behavior emerging right beneath resistance The demand zone near ₹420 has now flipped into a springboard. 🔹 3. Volume Action – Accumulation in Play Volume is showing a progressive build-up, especially in the last few sessions. Today's breakout attempt came on 8M shares, significantly above the base average — indicating smart money accumulation and breakout intent. Low volume rejections are fading. This time, volume is rising with price — a healthy sign. 🔹 4. Breakout Levels & Target Planning 📌 Breakout Confirmation: ₹475+ 🛑 Stop-loss: ₹445 (below recent short-term swing) 🎯 Target 1: ₹520 🎯 Target 2: ₹560+ Measured move logic → Rectangle height ≈ ₹475 – ₹420 = ₹55 Target = ₹475 + ₹55 = ₹530, with extended potential toward ₹560 based on chart behavior 🔹 5. Why It Matters – Structure, Strength, Sector This is not a noisy breakout — this is a gradual and clean structure, forming over a long period. Rectangle breakouts often lead to sharp directional moves when accompanied by: ✅ Increasing volume ✅ Bullish candles ✅ Strong base support ✅ Tight range coil near resistance HINDZINC is ticking every box. #trading #investing #stocks #technicalanalysis