Based on my xMRSI-Progresser predictive trading methodologies, its going to be a GREEN candle on 17-Oct-2018 for HEROMOTOCO
Buy Above(5Min candle close): 2902.4 for targets -
T1: 2924.2
T2: 2937.2
T3: 2950.9
SL: 2879.2
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you ...
As shown on a Monthly time frame NSE:HEROMOTOCO, the stock is both at strong bullish reversal and at resistance. With muted Q2 2018 results, the stock might dip towards 50% retracement of the last candle, which should be accumulated with given stop loss for a R:R of 2+
HeroMoto has been in a rising channel for some years and has broken down decisively.
Stock closed below its support of 2900.
Sell with at stoploss of 2950 Targets are 2710 and 2420 2300 (Positional)
Based on my "xMRSI-Progresser" predictive trading methodologies, its going to be a RED candle on 27-Sep-2018 for HEROMOTOCO
Sell Below(5Min candle close): 3092.3 for targets -
T1: 3069.1
T2: 3055.2
T3: 3040.7
SL: 3117
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you ...
Maruti had a big rally in last 3 years from 4800 levels to almost 10,000.
This seems to be changing as it showed a Double top pattern at higher levels and broke the trend line.
Maruti is a positional sell with a stoploss of 8800 and targets can be 8000 and 7400.
Auto Stocks may be at a crucial level.
Index has been creating a falling wedge pattern closely following the mentioned trend line.
A weekly close below the red line may be bearish and targets upto 9920 levels.
Similarly weekly closing above the falling trend line may signal uptrend till previous highs.
Lot depends on news flow and earnings so lets see...
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