2631 IS THE MAX TARGET IT CAN ACHIEVE LET THE GREEN AREA BE BREACHED ON CLOSING BASIS IN 1 DAY CANDLE IF THIS AREA WORKS AS RESISTANCE STOCK MAY FALL TO LOWER LINE
LET THE CANDLE CLOSE ABOVE MIDDLE LINE TARGET IS TOP LINE STOP LOSS IS 2225 IF TAKES RESISTANCE FROM MIDDLE LINE IT MAY FALL TO LOWER LINE
NOTE: TRADE AT YOUR OWN RISK
INTRADAY:
REVERSED FROM DAILY RESISTANCE RANGE 2352-2358.
SHORT BELOW 2325, SL 2360, TRGT 2290, 2270
POSITIONAL VIEW:
DOUBLE BOTTOM PATTERN HAS MADE.VERY HIGH CHANCES OF REVERSAL FROM THIS LEVEL. LONG ABOVE 2360, SL 2260, TARGET 2500.
Hero MotoCorp is making bullish diversion over smaller timeframe for now.
Taking a chance by risking 1% capital over the account because if the diversion plays out it will make 6-8% profits with 1% risk.
- HEROMOTOCORP is facing hard rejection from the upper trendline.
- Waiting for this to get breakout for a long buy trade.
- Always identify the fakeout and real breakout before taking the trade.
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IT HAS BROKEN MAIN LEVEL OF 50% OF FIBONACCI TODAY ON WHICH MANY STOCKS TAKE SUPPORT OR RESISTANCE TWO TARGETS FOR SHORTS ARE GIVEN GOOD LUCK
NOTE: ONLY FOR EDUCATION PURPOSE
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