HERO MOTOCORP LTDShort
Heromoto more selling on cards
Updated
Hero Moto can go more down as market is also indication more downside.
Reasons For Trade-1.Descending Triangle pattern formed on Hourly Chart
2. Price has resisted from trendline Resistance
3.Bearish candlstick pattern formed on daily chart
4.Rounding top forming on 4 Hour chart.
5.Price once breaked support of 2530 which is weak now.
6. Risk Reward-1:2
Sell below 2540 Stoploss 2581 Target 2475 Intraday 2355 Positional
Reasons For Trade-1.Descending Triangle pattern formed on Hourly Chart
2. Price has resisted from trendline Resistance
3.Bearish candlstick pattern formed on daily chart
4.Rounding top forming on 4 Hour chart.
5.Price once breaked support of 2530 which is weak now.
6. Risk Reward-1:2
Sell below 2540 Stoploss 2581 Target 2475 Intraday 2355 Positional
Trade active
Trade closed: stop reached
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.