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miraldesai
Feb 15, 2022 6:57 AM

HeroMotoCo Ready For Upside Breakout Long

HERO MOTOCORP LTDNSE

Description

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 .

Trade active

Hero moto Fut Long @ 2718

Trade closed manually

Hero Moto Fut Covered @ 2715 ( trade Closed)
Comments
Xyz102sam
3500 levels in how many months
miraldesai
@Sunny102s, if your investor don't look at the time and if trading look @ stop losses and Risk management and proper position sizing ( lot size to trade with)
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