Price breaks from a symmetric triangle already from 2900 levels and reached 3200. Now it is forming another perfect symmetric triangle and one should have entered at 2900 (previous breakout level) support level if not wait for the breakout and enter for big targets.
****Disclaimer****
Trade with risk management but don't get afraid of taking risks because the winner is who BETS as well as never gets out of CHIPS...!!
Hero MotoCorp Limited : Automaker Company ( NSE:HEROMOTOCO ) is Making SR Zone Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High...
DISCLAIMER : I AM NOT A SEBI RESITERED ADVISOR SO TRADE ON YOUR RISK
BUT I HAVE GOOD EXPERIENCE IN STOCK MATKET FROM LAST 17 YEAR SO I AM JUST SHARING MY EXPERIENCE WITH YOU ALL
INVESTMENT IN STOCK MARKET IS SUBJECT TO MARKET RISK
NSE:HEROMOTOCO
Hi Traders,
After took support on lower band, HEROMOTOCO reversed and is moving to higher band of upward price channel. So, we can open new buy order.
Entry and target level on chart.
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If it is helpful for you, please...
#HeroMotoCo has formed a HnS pattern on 75M scale. It has broke down below the major neckline of 2965 and trading below VPOC of 9490. Textbook target for the HnS pattern is 2740, however stock may not reach that level so soon. One may think of deploying a net credit #BearCallSpread to play this trade.
RSI, ADX, DarvasBox, SuperTrend all giving sell signal on 75M scale.
