THIS IS OLD CHART DRAWN 3 MONTHS BEFORE
& IT RESPECTED EACH TIME WHEN EVER THESE LEVELS CAME
buy at cmp 2400
accumulate till 2300
targets 2500
2587
2645
2750
positional long term buy
THERE IS AN SYMMETRICAL TRIANGLE FORMATION IN HERO MOTO CORP MAY CAN LEAD TO GOOD LONG MOVE IF THE TRIANGLE FORMATION DONE ACCURATELY , STILL TRIANGLE FORMATION PROCESS IS GOING ON IF IT COMPLETES AN LEAD TO GOD LONG MOVE
BOTH MACD AND STOCHRSI STRONGLY SUPPORTING THE MOVE
we can initiate a buy in heromotoco at level of
2365-70 for trgt of 2490 but place strict SL at 2355 (trades for 10 mins)
If it breaks this channel and falls then Sell
can be initiated at 2352-2348
for trgt of 2290 while SL be at 2370
HEROMOTOCO CASH
05 FEB 2020
STRONG SUPPORT AT 2350-2360
(NEXT CANDLE LIKELY TO BE POSITIVE)
GO LONG IF SUSTAIN ABOVE 2400 SL 2375
TGT 2424/2448
CMP 2373.25
Hero MotoCorp Ltd. engages in the manufacture of two wheeler. Its products include Karizma ZMR, Xtreme Sports, Achiever 150, New Glamour, Super Splendor, and Passion X Pro. It operates through the Domestic and Overseas segments. The company was founded by Brijmohan Lall Munjal on January 19, 1984 and is headquartered in New Delhi, India.
HEROMOTOCO
