Trendline breakdown and looking weak
NIfty has formed a doji on weekly chart indicating market has came to a pause
HEROMOTOCO have been weak all the time NIFTY was going up which shows this stock had heavy selling pressure
Recently it have been making a lower highs and also almost broke the trendline support.
Now that there is good chance if NIFTY starts correcting this stock will fall quickly.
The risk to reward ratio of 1:2 is good.
HEROMOTOCO have been weak all the time NIFTY was going up which shows this stock had heavy selling pressure
Recently it have been making a lower highs and also almost broke the trendline support.
Now that there is good chance if NIFTY starts correcting this stock will fall quickly.
The risk to reward ratio of 1:2 is good.
Trade closed: target reached
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