THIS IS FOR STUDY PURPOSE. HERE YOU CAN SEE A VERY ATTRACTIVE PATTERN WHICH IS CALLED BULLISH FLAG PATTERN. NSE:HEROMOTOCO
in diagonal pattern...should buy after reverse slope cross over..with sl of 1760..tgt 2100..only educational basis
Bearish ABCD in HERO MOTOCORP prz is is between 1896-1946
As observed on the chart, the price action reached to monthly level support zone, stayed and made a double bottom followed by bullish divergence, indicating a strong pullback from current levels. As per my analysis, it may move up to the following targets T1- 2000 (1:2) T2-2200 (1:4) SL- 1500 Kindly do your due diligence before taking any action. Thanks
INVERTED CUP AND HANDLE pattern is seen in weekly. may able to see more down. last hope for bull is 2364. or may see 1900 in 2020.
Reminder message.
FOLLOW TRADE AT YOUR OWN RISK
Once the Hero crosses the level of 2470. It is ready to make a new high of 2530 & 2570 levels. With an SL of 2417.
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
FOLLOW CHART TRADE AT YOUR OWN RISK
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