Hero - Evening Star + Hidden Bearish Divergence
Heromotoco has a very beautiful price action trading in the channel.
The stock made an evening star and closed at the value price.
It is also showing a hidden bearish divergence. Seems like its ready for the downward cycle!
Positional trades:
Short below 2750 for 2720, 2700, 2690, 2675, 2650 with SL at 2800
Since tomorrow is expiry, it would be a volatile & risky market !
I'll try to stay in green, exit on signs of reversal and re-enter.
The stock made an evening star and closed at the value price.
It is also showing a hidden bearish divergence. Seems like its ready for the downward cycle!
Positional trades:
Short below 2750 for 2720, 2700, 2690, 2675, 2650 with SL at 2800
Since tomorrow is expiry, it would be a volatile & risky market !
I'll try to stay in green, exit on signs of reversal and re-enter.
Trade active
Note
Sell triggered at 2780 following ORBTrade closed manually
Trailing SL hit at 2760Trade active
Buy triggered at 2805
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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.