Hero Motocorp on a weekly time frame is taking support from its 20 ema. The stock had closed between the two moving averages. For last 3 trading session the stock is trading in a narrow range and the moving averages on daily time frame has coincided. The levels for the stocks are marked on the chart itself. On smaller time frame, the price range is narrowing...
great consolidation is happening in heromotocorp chart in daily timeframe with big body candles and can be a good move either downside or upside.it gives good moves after consolidating .
HEROMOTOCO is about to bigger. But the direction is unknown. Because it moved up but it formed a DOJI and with low volumes and also no strength from buyers. Just keep an Eye on it for short term
Heromotocorp Breakout from triangular pattern and moving doun wards
entry - 3040, sl- 2740