Hero Motocorp breakout from symmetrical triangle

2021年1月8日

Hero Motocorp has given a breakout in 2H time-frame from a symmetrical triangle pattern that too with decent volumes in daily chart. Also the daily candle formed in the chart seems like a Bullish Marubozu (with slight approximation). All these signals are indicating that 3350 seems to be in card and might act as the next resistance.

Disclaimer: - These views are for educational purpose only and not a recommendation.

2021年1月12日

註釋

Hero Motocorp has touched a high of 3295, since the rise was very steep it might consolidate near 3250 level before moving towards 3350 level.

2021年1月13日

交易結束：目標達成

Although target reached today but Hero Motocorp has given another breakout in a symmetrical triangle pattern in daily time frame for targets of 3780 and maybe further higher. It might consolidate below 3380 for few days as there is a resistance zone between 3350-3380. But after it move past that level 3750+ is the next target. View still bullish for swing traders.