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afzal_57
Dec 28, 2019 9:53 AM

Hero MotoCorp - Wait for a pullback Education

HERO MOTOCORP LTDNSE

Description

A green hammer has formed at the monthly support. Overall, a heavy downtrend is seen.



In the weekly, the Price turned sideways from a downtrend from April. There is a stiff resistance at 2750. Nothing is so bullish from the RSI.


In the Daily, price has broken the Trend Line but without good momentum.

For an entry long, I want to see good price action after a pullback to 2400 levels or 2350 levels in the 75 min time frame. As of now, I will not take a long entry.

Comment

As expected, pullback made to the Weekly support. No long entry yet
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