Hero moto good short candidate

Sep 2, 2020

Hero moto counter on 15 min time frame have completed Head and Shoulder pattern. counter have given breakdown from neckline support with large bearish candle and huge volumes,, generally head and shoulder patterns are found around peak area,, so this can be peak for the counter and good reversal can be seen in counter,, view gets negated once price breach the high of right shoulder,, downside we can see levels of 2800-2750-2700,, targets can be decided based on height of head which is around 215 points in this case,, and break down from neckline support around 2965 levels,, so we can see fall of 215 from breakdown levels,, which would lead to targets of 2750,,

Sep 8, 2020

Note

hero moto gave good selling opportunity around 2970 to 3000,, on retest of neckline,, and made 2840,, trail sl to 2960 and hold for further targets