HERO MOTOR CORP
wedge pattern breakout happens and retested nearby support.
If RSI above 50 and it sustain price tent to move up. (based on historical event)
some negative:
1) nifty auto index is still in downtrend
2) from investing.com article:
The demand momentum for 2-wheeler remains weak, attributable to the lower end of the income group being more impacted due to the second Covid-19 wave, rising fuel costs, and price hikes by OEMs which has led to elevated levels of channel inventory
TARGET 1: 10 %
TARGET 2: 25 %
S L : 8 % (4% S L previous swing low, but nifty @ all time high if a retrenchment happen it will hit very easily. so that i prefer 8% as S L)
If RSI above 50 and it sustain price tent to move up. (based on historical event)
some negative:
1) nifty auto index is still in downtrend
2) from investing.com article:
The demand momentum for 2-wheeler remains weak, attributable to the lower end of the income group being more impacted due to the second Covid-19 wave, rising fuel costs, and price hikes by OEMs which has led to elevated levels of channel inventory
TARGET 1: 10 %
TARGET 2: 25 %
S L : 8 % (4% S L previous swing low, but nifty @ all time high if a retrenchment happen it will hit very easily. so that i prefer 8% as S L)
註釋
placed GTT at 2810交易進行
executed at 4810註釋
broke the first support and retesting it. if it sustain, target will reach sooner手動結束交易
support breached. due to continuous sell off in nifty all stocks fell. exited at 2450 level (gtt order)
交易結束：達到停損點
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