Key Levels are mentioned on the chart:
- 3450 is a major resistance; there is a high probability that the stock might start falling after retesting it.
- One can also short it if it gives a breakdown below the TL; and can achieve a target of 3300.
Overall, i am Bearish on HeroMotoCorp.
Note: Don’t just enter into the trade blindly let the levels come first, then see the price action formed at that level and trade accordingly.
- 3450 is a major resistance; there is a high probability that the stock might start falling after retesting it.
- One can also short it if it gives a breakdown below the TL; and can achieve a target of 3300.
Overall, i am Bearish on HeroMotoCorp.
Note: Don’t just enter into the trade blindly let the levels come first, then see the price action formed at that level and trade accordingly.