HERO LOOKS GOOD

已更新
Hello friends, Hero motors giving a breakout on the falling trendline resistance of a symmetrical triangle as you can see before this breakout price gives a breakout on horizontal resistance and retest that breakout too so we can consider to go long in it for the target of 3500 with taking a stop loss of 2750 below on horizontal resistance on weekly closing basis.



Apart of price action i checked this breakout on some indicators sharing below.


EMA
Price is trading above all moving averages likewise 20,50,100,200 Ema.
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RSI INDICATOR.
rsi also retested now moving up
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MACD ALSO GOING FOR MORE POSITIVE.
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SUPERTREND ALSO POSITIVE.
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TARGET.
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NOTE- Only for Education Purpose.

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注释
DAILY CHART ALSO IMPROVING MAKING FRESH SUPPORTS TODAY REACHED 3200+ FROM 2968 LEVELS GAINED GOOD SO I WILL TRAIL STOP ON MY ENTRY PRICE FOR THE MENTIONED TARGET
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注释
REACHED 3249 FROM 2974 GAINED 9% SO FAR AND NOW PRICE AGAIN TRY TO BREAK A CONSOLIDATION RANGE ABOVE RESISTANCE, IF THIS RESISTANCE WILL BREAK AND CLOSE ABOVE, WE CAN SEE MENTIONED TARGET IN COMING DAYS AND I WILL ADD MORE AFTER THIS FRESH BREAKOUT
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交易结束:到达目标
Done 3500 target from 2975
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Trend Analysis

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