Stockupy

HEROMOTOCO | 20-25% potential | Low risk trade

Long
NSE:HEROMOTOCO   HERO MOTOCORP LTD
CMP- 2828
SL-2700 - 2730 (on closing basis)
Target - 3200, 3500

30/7/21

- Market structure negative making LH - LL
- Key level of support around 2700-2800
-Trading below all EMA's
- Fib retracement 0.38 zone
- Can se potential W pattern if price holds 2700 levels
- Price is near area of value
- Making a double bottom like pattern in the week

Keep strict SL to 2700-2730 on closing basis.

Comments