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HERO MOTOCORP LTD
Long

HERO MOTOCORP LTD - Awaiting Bullish Breakout

188
  1. Strong Uptrend: The stock experienced a strong upward movement in May, establishing a bullish trend.
  2. Descending Channel Formation: Currently, the stock is trading within a descending channel, a pattern that often precedes a breakout.
  3. Awaiting Breakout: A bullish breakout above the channel could lead to a continuation of the uptrend.
  4. Target Level: If the breakout occurs, the next target could be the resistance at ₹5,852.
GlobalMarketGuru
Also on:
breakouttradingDescending ChannelFalling WedgeHEROMOTOCOSupport and ResistanceTrend AnalysisWedge

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.
breakouttradingDescending ChannelFalling WedgeHEROMOTOCOSupport and ResistanceTrend AnalysisWedge
GlobalMarketGuru
Also on:

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.