HeroMotoCo Ready For Upside Breakout
Updated
Technically on the daily charts we see major support on the downside @ 2625 levels, whereas major Trend Line resistance on the upside is capped around 2817 level.
If breaches minor resistance on the upside and closes above it, we may see fresh breakout and Stock can Lead towards higher levels around 2947/3093 and 3502 levels in Short Term.
Next major resistance @ trend line @ 2810/ 2825 level to watch.
Stock has been consolidating for good 20 days and Ready for breakout.
Rsi above 60 to be watched for momemtum on the upside going forward.
Above views For Educational Purpose Only.
Happy Trading
Regards,
MD .
If breaches minor resistance on the upside and closes above it, we may see fresh breakout and Stock can Lead towards higher levels around 2947/3093 and 3502 levels in Short Term.
Next major resistance @ trend line @ 2810/ 2825 level to watch.
Stock has been consolidating for good 20 days and Ready for breakout.
Rsi above 60 to be watched for momemtum on the upside going forward.
Above views For Educational Purpose Only.
Happy Trading
Regards,
MD .
Trade active
Hero moto Fut Long @ 2718Trade closed manually
Hero Moto Fut Covered @ 2715 ( trade Closed)
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