Hero Motorcorp is at an important demand zone. If the price bounces off of this zone, then consider taking a long position.
However, due to bad results if the price manages to slip below the demand zone, then open a short position.
The XABCD Bat pattern is already activated, if the price manages to stay above the demand zone, then we could see target B (2781)
Similarly, the ABCD pattern starts to form if the price closes below B (2636), the loop will close at the D (2506).
Please understand the logic and trade accordingly.
Happy trading :)
This is just for educational purposes.
However, due to bad results if the price manages to slip below the demand zone, then open a short position.
The XABCD Bat pattern is already activated, if the price manages to stay above the demand zone, then we could see target B (2781)
Similarly, the ABCD pattern starts to form if the price closes below B (2636), the loop will close at the D (2506).
Please understand the logic and trade accordingly.
Happy trading :)
This is just for educational purposes.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.