prakashgp

Trendline breakdown and looking weak

Short
prakashgp Mis à jour   
NSE:HEROMOTOCO   HERO MOTOCORP LTD
NIfty has formed a doji on weekly chart indicating market has came to a pause
HEROMOTOCO have been weak all the time NIFTY was going up which shows this stock had heavy selling pressure
Recently it have been making a lower highs and also almost broke the trendline support.
Now that there is good chance if NIFTY starts correcting this stock will fall quickly.
The risk to reward ratio of 1:2 is good.
Trade fermée: cible de profit atteinte

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.