Hero Motocorp ltd: Analysis
Hero Motocorp is trading at breakout levels of 2890.20 in 1 hourly time frame, their is a high possibility of breaking out of this stock.
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Reason to buy for a weekly position:
1) Trend-line in the daily time frame is broken.
2) Triangular pattern breakout.
3) Upward momentum with good volume.
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Wait for price action then trade, current view bullish. Retracement Entry is suggested.
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Stoploss must be below swing low in hourly time frame or below the trend line i.e 2839.45.
.
Reason to buy for a weekly position:
1) Trend-line in the daily time frame is broken.
2) Triangular pattern breakout.
3) Upward momentum with good volume.
.
Wait for price action then trade, current view bullish. Retracement Entry is suggested.
.
Stoploss must be below swing low in hourly time frame or below the trend line i.e 2839.45.
Trade active
Acting as expected.Trade active
Profit in progress.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.