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Rushikesh_09

HEROMOTOCORP- Daily/Hourly Timeframe-Tringle Pattern

HERO MOTOCORP LTD (NSE:HEROMOTOCO)  
Rushikesh_09 Uppdaterad   
NSE:HEROMOTOCO   HERO MOTOCORP LTD
Technical Indicators Chart Patterns Trend Analysis heromotocorp nifty50 autosector tringle higherlow supportandresistancezones
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indicator chartpattern trendanalysis heromotocorp nifty50 autosector tringle higherlow supportandresistancezones
HEROMOTOCO

Entire auto sector has outperformed in past few weeks, However HEROMOTOCO is looking a bit weak as per as per the daily chart, it has broke its previous daily swing low.

Stock is consolidating in tringle in hourly chart. In hourly chart buyers are trying to push price higher (Higher lows) however sellers are defending level 2840-2855.

If it breaks either side we may see a momentum, keep eye.


This idea is only for educational purpose, please manage your risk accordingly.
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