Hero Motocorp ltd: Analysis

מעודכן
Hero Motocorp is trading at breakout levels of 2890.20 in 1 hourly time frame, their is a high possibility of breaking out of this stock.
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Reason to buy for a weekly position:
1) Trend-line in the daily time frame is broken.
2) Triangular pattern breakout.
3) Upward momentum with good volume.
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Wait for price action then trade, current view bullish. Retracement Entry is suggested.
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Stoploss must be below swing low in hourly time frame or below the trend line i.e 2839.45.
עסקה פעילה
Acting as expected.
עסקה פעילה
Profit in progress.
breakoutFalling WedgeintradaytraderetracementSupport and ResistancetradeideatrendTriangleWedge

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