dravya

HEROMOTO - Something's cooking ?

Long
dravya Updated   
NSE:HEROMOTOCO   HERO MOTOCORP LTD
CMP - 3348

You can see huge buying interest above the black support line.

This has a nice probability of going upwards now.

Going long.

Will exit below black and re-enter if signs of strength re-emerge.

Cheers !!
Comment:
Not exiting at black line, currently, volume dry up. Will wait for confirmation, otherwise still long.
Comment:
Crucial daily level breakout which has submerged. Would exit tomorrow around 3320. Re-entry not fixed. Let's see.
Comment:
Something doesn't seem all right in this. and hope kills in trading. so id rather take a small loss.
Trade active:
Stays above 3320.
Trade closed: stop reached:
Exit triggered at 3320. 28 points loss, less than 1 %. It's fine.

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.