Find the Resistance and Support,
Due to High Selling Wick in all previous swing high, we can consider it as Very Strong Resistance.
and recent price hike doesn't have any volume spike, so this time too it kiss the resistance line and would fall down.
We can go short
Hero Motor is good at this current support, Multiple times it tested the Support.
Bullish Harami - Big Bearish Candle at fist, followed by a small bullish candle at the middle.
It indicates that selling is over and there is a high probability of the Price going Upward.
RSI is 37.90 indicates Over Sold, So good chance for a reversal trend
1. Support: HUL have good Support at the current level,
2. Price Decreases - Volume decreases Indicates - its not in Bearish
3. As it is not in Bearish and bottom of the Channel, Reversal would take place.
4. RSI shows "Over Sold"
5. We can see 3 Targets.
i. Recent Swing Resistance Line
ii. Recent Swing High
iii. Channel Top
6. Resistance - Can be...