Hero motocorp has a Bullish sloping trendline breakout, the chart shows support and resistance marked with horizontal lines. The breakout is supported by RSI trendline breakout plus increase in volumes in last few days. A support was found at 4450.
Immediate targets are 4725, 4944.
Disclosure: i hold the stock bought over last year.
This is charted for my own benefit and part of my learning and investing process, i am a retail long term investor.
This is purely a technical chart observation, please check the fundamentals before investing.
Immediate targets are 4725, 4944.
Disclosure: i hold the stock bought over last year.
This is charted for my own benefit and part of my learning and investing process, i am a retail long term investor.
This is purely a technical chart observation, please check the fundamentals before investing.
Trade active:
Watchout for any breakdowns, as it retests the trendlines.
Trade active:
Careful as it is below the bottom trendline
Trade active:
Stoploss at 4450, exit if closes below this on daily timeframe
Trade closed: stop reached:
stoploss hit, need to study again for the next move