Chart patterns convincing me to post the above titled opinion
REASONS
1. HEROMOTOCO has been trading inside a Expanding Triangular Pattern by Taking support & resistance at respective levels
2. Currently, it is going through the up swing move inside the pattern
3. 2022 November Monthly candle seems to be an INDICATION for RACING BULLS ARRIVAL(with high tested)
4. No other Auto stock gave such a Bullish November candle
5. The same November candle broke and closed above the WHITE trendline with Volume SUPPORT!!!
6. Inverted Head & Shoulders pattern formed, Same November candle seems to be the breakout candle again!!!
7. Big move can be expected in the coming days....(Probability looks more for the upside!!)
8. Target & SL levels mentioned @ chart
9. HEROMOTOCO composes 5.97% WIEGHTAGE in NiftyAuto index and 0.47% in Nifty50 index !!!
Monthly chart close look below
DAILY TIME FRAME BELOW
Let's wait and watch how it moves!!!!
Note- Just sharing my view....not a tip nor advice!!!!
REASONS
1. HEROMOTOCO has been trading inside a Expanding Triangular Pattern by Taking support & resistance at respective levels
2. Currently, it is going through the up swing move inside the pattern
3. 2022 November Monthly candle seems to be an INDICATION for RACING BULLS ARRIVAL(with high tested)
4. No other Auto stock gave such a Bullish November candle
5. The same November candle broke and closed above the WHITE trendline with Volume SUPPORT!!!
6. Inverted Head & Shoulders pattern formed, Same November candle seems to be the breakout candle again!!!
7. Big move can be expected in the coming days....(Probability looks more for the upside!!)
8. Target & SL levels mentioned @ chart
9. HEROMOTOCO composes 5.97% WIEGHTAGE in NiftyAuto index and 0.47% in Nifty50 index !!!
Monthly chart close look below
DAILY TIME FRAME BELOW
Let's wait and watch how it moves!!!!
Note- Just sharing my view....not a tip nor advice!!!!
Trade active:
FEB MONTH CANDLE CAN BE THE DECIDER !!!
