Heromoto Corp is on hold range with Retracement and then Bounce back for Higher Side.
Retracement level--2875
Upside range 3375 After Retracement
LEVELS MENTIONED IN CHART WITH SUPPLY AND DEMAND ZONE.
{VIEWS ARE ONLY FOR EDUCATION PURPOSE.}
THE STOCK IS IN A UPTREND AND HAS GIVEN A BIG BREAKOUT AT 2999-3005 LEVELS THERE IS A SMALL RESISTANCE AREA AT 3105 LEVELS ABOVE WHICH THE STOCK CAN RALLY TILL 3350-3390 LEVELS.
IF THE STOCK BREAKS ABOVE 3105 WITH VOLUMES AND GIVE A CONTINUATION ON THE UPSIDE ONE CAN BUY AT THOSE LEVELS WITH SUPPORT AT 3005-2995 LEVELS FOR UPSIDE TARGETS OF...
Now i have been advocating on Patterns and its identification , in that bid i have posted more than 700 post and you all have seen they work Exactly with result more than 94 % accuracy , few trades go south but 94 % of them work and give an Level of Confidence
One of the pattern you can memorize , this pattern gave us 10 % + profits in Trading Futures from...
Price formed Symmetric triangle pattern and before coming back to the trend line support it straight away breaks up. Can we take a trade in such situations? YES, we can trade this type of breakouts when the price comes for the Retest.
This setup denotes that after drawing the pattern it doesn't mean that price should follow your pattern, always be ready to take...
Heromoto has broken its swing high with volume, after consolidation at 20 dma. For a swing, in any dip it can be bought for the first target 3020-3025.
Currently the Hero Moto is 3033.45. IMP level 3043.5
If heromoto gave a breakout at 3043.5 on a 3 minute chart with volume, then buy it at 20 to 30 paise above the high of BREAKOUT candle.
Giving breakout with volume is very imp
Hero ka 1st target 3000h book profit,& thn wait for price action,n enter again for target 3092.
3092 is Fibonacci level,mostly stock inko jrur touch karta hai,agar market sai raha,3092 aram se ayega n so on.
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