HEROMOTOCO--Short @ Supply Zone??
This stock previously broken the trendline strongly,
but didn't gives a retest to this trendline.
price taken the support of resistance and price moved to topside significantly.
Now this is the 1st area we have to look for buy in this stock for continuation.
Buy area is located at 3000-3250 area we have support.
Now the area at previous resistance acts as support becomes liquidity on bottom side.
On the topside price broken the downside trendline,
on retest of the trendline we will look for short opportunities up to the resistance acts as support and trendline + Demand areas as target points for us.
but didn't gives a retest to this trendline.
price taken the support of resistance and price moved to topside significantly.
Now this is the 1st area we have to look for buy in this stock for continuation.
Buy area is located at 3000-3250 area we have support.
Now the area at previous resistance acts as support becomes liquidity on bottom side.
On the topside price broken the downside trendline,
on retest of the trendline we will look for short opportunities up to the resistance acts as support and trendline + Demand areas as target points for us.
Note
If price takes the liquidity below the demand zone and again turns to be bullish upto the supply zone, then look for short side.
present the demand areas in daily time frames acts as supports, but they cannot push the price more upside, as major trendline is broken.
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