Zinc futures: Hurdle ahead – The HinduBusinessLine

Zinc futures has seen some recovery over the past week. The February futures is now trading at ₹330 (per kg).

The price action of the contract since the beginning of February shows that it has developed some bullish bias after a brief period of consolidation.

The chart shows that February zinc futures has been forming lower highs over the past two weeks. However, it is now facing a resistance at ₹332.

A breakout of ₹332 can trigger a quick upswing to ₹345-350 price region. But if zinc futures falls from the current level and slips below the support at ₹325, the bears can gain traction. A breach of ₹325 can open the door for a decline to ₹318.

So, overall, the broader trend has been bullish and after a pause, the price action indicates that the bulls are gaining traction. But since there is a resistance ahead, traders ought to wait before pulling the trigger.

Trade strategy

Buy zinc futures if it breaks out of ₹332. Target and stop-loss can be ₹345 and ₹327 respectively. After initiating the trade, when the contract touches ₹340, revise the stop-loss to ₹332 so that the trade is protected.

Published on February 12, 2026