Positional
INVERSE HEAD AND SHOULDER - HERO MOTOCORP LTDNSE:HEROMOTOCO
Heromoto formed a inverse head and shoulder pattern together with a confirmation of horizontal resistance at 2950
Looks good for intraday as well as positional target of 3250.
Always trade with stoploss to avoid big drawdowns.
keep learning,
happy trading.
Nifty 50 index flat until....Nifty after the initial gallop will consolidate and would be flat, the last 90 mins were rangebound between 18667 & 18616. ADX must move over 25 to point toward a trending market. Also, price volume needs to move over its signal line else the index is expected rangebound.
PIVOTS Levels
R3 18742.05
R2 18693.94
R1 18664.21
P 18616.1
S1 18567.99
S2 18538.26
S3 18490.15
Disclaimer: The content provided here is purely the views of the author and traders or investors need to follow their own analysis prior or consult a financial planner prior to investing. Investments in the stock market are subject to market risk.
JUBLFOOD--POSITIONAL jUBLFOOD-- POSITIONAL --DAILY CHART --SETUP
1. JUBLFOOD seen daily chart trading at upper channel currently
2. Lower low of upper channel support seen at last closing daily candle
3. Stock likely pullback from this level from oversold line .
4. QQE mode also seen pullback bar as selling decrees at last red bar
5. one can initiate BUY at current level 555 above for target 575- 600 - 625 stop loss 525 bellow trendline of upper channel
6. risk to reward 1:3 from current level
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ... trade at own risk, !!
** SUGGETIONS AND COMMENTS ARE WELCOME .!!
HAPPY TRADING . !!