HEROMOTCO Channel Breakout

HERO MOTOCORP LTDNSE

Description

⋅ Sep 28, 2017 1:58 AM

HEROMOTOCO is moving in an up channel for long and an uptrend since 2013
Currently on its median, awaiting a breakdown/reversal.

Parallel Channel HEROMOTOCO

Comments

DBOUTLOOK

⋅ Sep 28, 2017 8:16 AM

very correct observation

Einstein15

⋅ Sep 28, 2017 10:32 AM

@Devendra_0053, Thank you!

DBOUTLOOK

⋅ Sep 28, 2017 12:05 PM

@Einstein15, as per my calculation this has to tocuh 3614 or +-20-30 points, then this may go for up for 4200.please confirm

Einstein15

⋅ Sep 28, 2017 3:46 PM

@Devendra_0053, yes. But those two candles on 4H chart, makes a DOJI on daily chart.So the battle is still on. ON the other hand, the first support seems right on the 127 Fib Ext of the leg down.
which is around the level you mentioned.