guptaaditya24

Short Heromotoco for first target of 2618

Short
NSE:HEROMOTOCO   HERO MOTOCORP LTD
Hello Traders,

I see the stock has moved down after giving. head and shoulder pattern. I believe this downward move will continue and thus we can enter this downfall as follows:-


Target 1: 2618
Target 2: 2378

Sell on rise strategy.

Whenever it touches 21 EMA we can go short on the stock.

To do this we will either buy PE 3000 or

we can sell CE 2800 or even CE 2750 but trade in 30 September option.

We will see how stock behaves after 5 minutes of tomorrows opening and

then either we will enter at CMP or wait for stock to touch 21 EMA and then enter the trade.

Keep Tuned for triggers.

Happy Trading!