debashish4u

Cup & Handle on Heromotocorp

Long
NSE:HEROMOTOCO   HERO MOTOCORP LTD
TF: 15 min
Pattern: Cup and Handle
Height of Cup: 90 points (considering cup base at 2960)
Height of Handle: 30 points (ideally should be between 35-50% of cup height).
Target on breakout: 90 points from CMP (equal to height of cup)

Waiting for breakout from CMP (3050) which is also a long time supply zone .
+ve RSI divergence observed which indicates bias towards upmove in coming session.

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