Hero MotoCorp Ltd. seems to have made interesting negative chart formation with following:
1. RSI taking resistance at 60 levels and slipped below 60 on daily chart.
2. RSI slipped below 40 on weekly chart
3. Price trading below 50 EMA, 100 EMA, 200 EMA and 20 SMA on daily chart and slipped below 20 SMA and 50 EMA during last trading session.
4. Stock Slipped below 20 SMA weekly during last week
5. Next Major support is near 200 Week EMA i.e. 3545 and 50 month EMA at 3500
levels
Lets See How it evolves from here
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
1. RSI taking resistance at 60 levels and slipped below 60 on daily chart.
2. RSI slipped below 40 on weekly chart
3. Price trading below 50 EMA, 100 EMA, 200 EMA and 20 SMA on daily chart and slipped below 20 SMA and 50 EMA during last trading session.
4. Stock Slipped below 20 SMA weekly during last week
5. Next Major support is near 200 Week EMA i.e. 3545 and 50 month EMA at 3500
levels
Lets See How it evolves from here
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
Trade closed manually
CLOSED
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.
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.