nalinakshi
Long

Ready to take off

NSE:HEROMOTOCO   HERO MOTOCORP LTD
AFTER GOOD CONSOLIDATION AT THE SUPPORT LEVEL READY FOR UPMOVE
Madam Simple Question , How many green candle you see before you decide it as Consolidation ? the round mark you have made , i see only 3 out of Candles , if consolidation is over then the sellers should be exhausted and should stop selling , with minimum quantity buy the price will start shooting up side , but here in 24 days trading i do not see any exhaustion of seller , after that the price rise and then collapsed giving a short momentum to current position holders and when everyone sold after making the price lower the institutional absorbed all the selling and made a bullish candle which you can see after playing it forward , now its ready for one drive up but how far it will go i have no idea , always take account of consolidation should be expanding in green candle
Regards
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