Where will Hero Motocorp head to ?
Reasons/Traits :
• Bullish Bat Harmonic Pattern formation is seen
• RSI/MACD are ready for up move, yet to confirm
• Price is way below 13,50 and 200 EMA
• Recent swing low matched with earlier lower low (important level for support)
What can happen next :
Scenario 1 : Price can move up to complete bullish bat harmonic pattern (2700/2750/2781/2830/2875/2900/2950)
Scenario 2 : Price below 2635 can go down to 2580/ 2530/2475
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Reasons/Traits :
• Bullish Bat Harmonic Pattern formation is seen
• RSI/MACD are ready for up move, yet to confirm
• Price is way below 13,50 and 200 EMA
• Recent swing low matched with earlier lower low (important level for support)
What can happen next :
Scenario 1 : Price can move up to complete bullish bat harmonic pattern (2700/2750/2781/2830/2875/2900/2950)
Scenario 2 : Price below 2635 can go down to 2580/ 2530/2475
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Comment:
Scenario 1 first two targets hit ..todays high 2750
Comment:
Scenario 2 2530 hit today
Trade closed: target reached:
All targets hit... levels marked are still valid for any up or down move...
