On weekly charts Heromotor corp has bounced from the trendline support and each of those bounces have resulted in price movement of Rs 1350. Projecting a similar rally from current levels Heromotorcorp might be heading towards 4900 in Weeks to come. It is a long term positional Buy and target might get achieved by March 2018.
It is been observed that some stocks mentioned below having great breakouts from pattern formation on daily chart indicating a high potential returns opportunity in the coming week. Buyers are in control and will take up prices quickly from here on.
Bharti Airtel: Target-380, 400 SL- 350
BEL: Target -1700 SL 1500
Yes Bank: T1- 1550 SL- 1440
HERO: T1- 3450 SL-...
Wanted to open this one up for discussion.
Ive been monitoring this company for a while. A lot of people say go long but the technicals dont reflect what I would feel is a fair response to their reported numbers (summary is they beat market expectations).
I think I will start monitoring the market depth more closely the next few days and accumulate positions in...
It is been observed that the price action forming a bullish ABCD pattern, indicating further move up. It has retraced to 23.6% levels and now it shall further move up to 38.2% levels.