Hey everyone,

Youtube link for High level Wyckoff Analysisyis

I’ve been tracking Hindustan Zinc ($HINDZINC) on the weekly charts, and the price action is looking like a textbook Wyckoff Accumulation breakout. After a massive sideways range lasting nearly a year and a half, we are finally seeing the “Composite Man” start the markup phase.

The Wyckoff Breakdown:

• Phase B (The Cause): From 2023 through most of 2024, the stock built a massive “Cause” (sideways range). Wyckoff’s Law of Cause and Effect suggests that the longer the base, the more explosive the breakout.
• Phase C (The Test): We saw a bottom around ₹375 in Q1 2024. This acted as a successful test of the range lows, showing that supply was exhausted and absorbed.
• Phase D (SOS – Sign of Strength): This is what happened very recently. The stock broke the major resistance at ₹525 with high conviction.
• Effort vs. Result: Last week’s volume was 75 million, which is significantly above the average. This shows “Harmonious” price action—large volume (Effort) resulting in a large price move (Result).

Relative Strength (RS) Highlights:

One of the most bullish signals is the Relative Strength Index against the benchmark:

• vs. CNX Metal Index: HINDZINC is currently a sector leader, outperforming the metal index.
• vs. BSE 500: It is showing significant alpha compared to the broader market, making it a high-probability candidate for a sustained uptrend.

The Strategy:

• Current Entry: The breakout above ₹525 is the primary signal.
• Target: Based on the previous peak and range depth, a return to ₹750 is on the cards. Note: This is a swing trade/positional play, so expect it to take weeks or months, not days.
• Support: The previous resistance at ₹525 should now act as a floor (LPS – Last Point of Support).

Sector Context: Metals are looking like the leading sector for the upcoming weeks. With silver prices also showing strength, HINDZINC (as a pure-play silver producer in India) has a double tailwind.

What do you guys think? Is anyone else riding the metal trend or seeing the same accumulation pattern here?

DISCLAIMER: The information provided in this video is for educational and entertainment purposes only and does not constitute financial, investment, tax, or legal advice. I am not a financial advisor. Stock analysis and predictions are based on personal opinion and historical data, which do not guarantee future results. Investing in the stock market involves significant risk, including the loss of principal. You should perform your own due diligence or consult with a licensed professional before making any investment decisions.

DISCLOSURE: > I (the presenter) currently hold shares or a financial interest in the company/companies mentioned in this video at the time of recording. This may create a conflict of interest. My views are my own and are not intended to influence your trading activity.