raj_rishav
Short

Hero - Evening Star + Hidden Bearish Divergence

NSE:HEROMOTOCO   HERO MOTOCORP LTD
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.

Trade active
Comment: Sell triggered at 2780 following ORB
Trade closed manually: Trailing SL hit at 2760
Trade active: Buy triggered at 2805

Comments

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