ReeAishw

HEROMOTOCO LOOK OUT FOR THESE LEVELS!!!

NSE:HEROMOTOCO   HERO MOTOCORP LTD
ALL THE LEVELS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
PRICE LOOKS WEAK, RECEIVING GOOD RESISTANCE FROM FIBO 0.5 LEVEL

SELL NEAR 3015 LEVEL 3030 WILL ACT AS A GOOD RESISTANCE AND NEEDS TO BE BROKEN BY VOLUME .

BUY ONLY IF A REVERSAL CANDLE IS FORMED NEAR/ON THE DEMAND ZONE - GREEN.

IF THE DEMAND ZONE IS BROKEN WITH VOLUME: SELL BELOW 2850, BE CAUTIONS WHEN PRICE IS NEAR 2800 LEVEL

The indicator used:
1) Daily Lines plots Daily 20 & 50 EMA on lower time frame charts
2) TE-REKAB
3) VOLUME - RED ( BEARISH VOLUME )

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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)

HAPPY TRADING!!

Comments

Hi Re,
May I know, what is TE-REKAB ?
Thanks in advance.
Reply
ReeAishw KPATURII
@KPATURII, it's a proprietory Indicator
Reply
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