Buy Hindustan Zinc with a target at Rs 189: Rakesh Bansal

Rakesh Bansal of RK Global expects Hindustan Zinc to hit a high of Rs 189 in trade on Tuesday. Bansal has advised traders to buy the stock with a stop loss placed at Rs 167.50. The stock has fallen about 5 per cent in the past one month. Yet, the stock is trading above its 20-, 50- 100- and 200-day moving averages. The stock has hit a high and low of Rs 177 and Rs 174.20 respectively in trade so far.