swing trade on hero motor
Strategy explained in detail on the chart.
heromotoco close near support zone.
Pls refer chart
Educational Purpose.
It has made a Bullish Cypher in hourly time frame. A bounce back to 2425 is possible provided it does not go below 2325
It is making a Bullish reciprocal AB=CD in daily time frame. It could bounce back to 2475/2500 provided it does not go below 2325
A green hammer has formed at the monthly support. Overall, a heavy downtrend is seen. In the weekly, the Price turned sideways from a downtrend from April. There is a stiff resistance at 2750. Nothing is so bullish from the RSI. In the Daily, price has broken the Trend Line but without good momentum. For an entry long, I want to see good price action...
near long term support,bullish bat is completed ,ab=cd bullish also completed if support breaks would see some momentum,if price is above this region for a day,paatern would give some momentum
Took support ---expecting sharp bounce from here
Hope will continue the fall till 2575-80..
For November series, i can see buy for more up
Hero showing bullish trend...
grab it for small profit