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#HeroMotoCo

Short
HERO MOTOCORP LTD (NSE:HEROMOTOCO)  
TradersVenue Updated   
NSE:HEROMOTOCO   HERO MOTOCORP LTD
Chart Patterns Trend Analysis Technical Indicators
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chartpattern trendanalysis indicator
#HeroMotoCo has formed a HnS pattern on 75M scale. It has broke down below the major neckline of 2965 and trading below VPOC of 9490. Textbook target for the HnS pattern is 2740, however stock may not reach that level so soon. One may think of deploying a net credit #BearCallSpread to play this trade.

RSI, ADX, DarvasBox, SuperTrend all giving sell signal on 75M scale.
Comment:
Low made 2830 before it bounced back.
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