19/4 educational purpose only
sell at around 2300 / 2315 (20ma/hourly is at 2312.45)
sl above 2350 (50ma/hourly is at 2336)
targets around 2150 and lower if this support is broken (the pattern is a bearish ascending triangle with support zone between 2151 & 2154.80 so we may witness a big fall if this zone is breached on the downside)
*trend on daily chart is...
Hero moto is taking a good support at 2870-2880 levels & we can see a double bottom formation.
From here its looking Bullish as we can see now it is going to crossover 200 EMA as well.
I think 3050-3100 levels can be seen easily in July expiry. Volume profiles suggest a good buying levels from here.
Weekly charts show a rounding bottom and multiple attempts to break 3000 have been made.
Money Flow Index is turning positive, and on daily chart Trend line and immediate resistance of 3000 are coinciding . Also a long consolidation range might break with a closing above 3000. Also, 200 DEMA is at 2985 levels, which will indicate first bullish sign.