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guptaaditya24
Aug 22, 2021 7:22 PM

Short Heromotoco for first target of 2618 Short

HERO MOTOCORP LTDNSE

Description

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!
Comments
guptaaditya24
losses booked.
guptaaditya24
SOLD 1 lot 30 Sep 2800 CE at 43
guptaaditya24
Sold 2 lots Hero Morocco fut avg price 2659
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