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digijagan
Mar 29, 2024 1:39 PM

Low risk entry on HEROMOTOCO Long

HERO MOTOCORP LTDNSE

Description

Symmetrical triangle formed on daily chart. Price broke out of resistance and successfully retested now support previous resistance line. Also noted low volume when price were falling with prior runup on price before formation of triangle chart pattern. Formation of hammer candlestick on bottom of support trendline indicates strong buying. Good short term opportunity.

Disclaimer: I am not a SEBI registered consultant. This is not a buying or selling recommendation. Above information is just my view and is meant for educational purpose only. Please consult your financial advisor before making any trade.
Comments
digijagan
This setup is no longer valid. Price is now trading within a channel. I'll update later if any opportunity comes up on this one.
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