TraderRahulPal

A triangle breakout pattern is seen in Hero Moto Corp

Long
NSE:HEROMOTOCO   HERO MOTOCORP LTD
Multiple breakouts can be seen in prices, indicators, and oscillators indicating an upward movement in Hero Moto Corp.
Hero Moto Corp took support at the rising trendline and broke out of the falling trendline Futures data shows a long build-up. MACD also shows a positive crossover with a green uptick in the histogram. Prices can rise at least up to 2824 and above that, they can rally up to 2850 - 2900. Can be bought if the price sustains above 2762 levels in small quantities. Stop-loss is below 2719 on a daily close basis. Holding duration 3-4 weeks.

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