Devyansh_B

HEROMOTO ANALYSIS

Long
Devyansh_B Updated   
NSE:HEROMOTOCO   HERO MOTOCORP LTD
THE STOCK IS IN A UPTREND AND HAS GIVEN A BIG BREAKOUT AT 2999-3005 LEVELS THERE IS A SMALL RESISTANCE AREA AT 3105 LEVELS ABOVE WHICH THE STOCK CAN RALLY TILL 3350-3390 LEVELS.
IF THE STOCK BREAKS ABOVE 3105 WITH VOLUMES AND GIVE A CONTINUATION ON THE UPSIDE ONE CAN BUY AT THOSE LEVELS WITH SUPPORT AT 3005-2995 LEVELS FOR UPSIDE TARGETS OF 3150/3200/3250/3300/3350/3400

RESISTANCE - 3105/ 3165 // 3225 // 3280 // 3340 // 3390
SUPPORT - 3050 // 3000 // 2975
Trade active:
MARKET DUE TO GOVERNMENT CONSIDERATION OF POSSIBLE RATE CUTES IS GOOD FOR THE TWO WHEELER BIGGEST GIANT AND A HUGE GAPUP AND POSITIVE BREAKOUT HAS THE LEAD THE STOCK FOR A RALLY OF 6%+.

THE ENTRY HAS NOW BEEN INITIATED AT 3105 LEVELS
SL 2995
AND WE HAVE ALSO ACHEIEVED OUT FIRST TARGET OF 3150 LEVELS TODAY, ONE CAN HOLD POSITONAL LONG FOR UPSIDE TARGETS AS THE STOCK IS IN A STRONG BULL TREND WITH UPSIDE POTENTIAL OF 3350-3400 LEVELS.

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