Recent congestion casts a shadow on the trade. But buying near support and trendline can give a high Reward: Risk Trade.
Wait for a bullish reversal bar before entering
Wait for a bullish reversal bar at the TL
Refer channel and previous idea for clarity
Not a reliable trade but given the low risk, worth considering! Use appropriate position sizing to reduce the risk.
Can this stock retest previous highs again? No longs at the moment. Keep an eye on the movements
Expecting a new high (3120). However, the midline of the range screams caution.
Will be a High reward-Low Risk Trade.
Reasons for trade: Midline + Support
Can be a good pick if the right entry conditions are present.
Can fall to the support to set up a long
Breakout of the channel and reversal us a bearish sign.
Expect a retest of the resistance 2270.
Prices have retested the midline of the range and their way down. We can expect some action at the support. Entry requires a bullish retest.
Prices have been following the boundaries of the channel to the T.
The prediction will come into play only after 12000 levels are surpassed
Many people had entered HeroMoto thinking it was a steal after the correction. But ignoring short term lines has trapped them into a risky long. Always wait for some confirmation before entering.