HEROMOTOCORP- Daily/Hourly Timeframe-Tringle Pattern

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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