Hero MotoCorp - Wait for a pullback
A green hammer has formed at the monthly support. Overall, a heavy downtrend is seen. 
In the weekly, the Price turned sideways from a downtrend from April. There is a stiff resistance at 2750. Nothing is so bullish from the RSI.
In the Daily, price has broken the Trend Line but without good momentum.
For an entry long, I want to see good price action after a pullback to 2400 levels or 2350 levels in the 75 min time frame. As of now, I will not take a long entry.
In the weekly, the Price turned sideways from a downtrend from April. There is a stiff resistance at 2750. Nothing is so bullish from the RSI.
In the Daily, price has broken the Trend Line but without good momentum.
For an entry long, I want to see good price action after a pullback to 2400 levels or 2350 levels in the 75 min time frame. As of now, I will not take a long entry.
Note
As expected, pullback made to the Weekly support. No long entry yet
Chartered Accountant | Trader | Trainer
| afzallokhandwala.com
| afzallokhandwala.com
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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.
Chartered Accountant | Trader | Trainer
| afzallokhandwala.com
| afzallokhandwala.com
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.