Hero Motocorp Ltd: How Ideal Falling Wedge Breakout Looks like
Updated
Stock has been in a downtrend and then gradually formed a strong base around 2300 levels with a clear RSI divergence.
Now when stock broke the Falling wedge Upper trendline then it also has retested the BO levels and consolidated for a while in the Zone of 2700-2800.
Now it will be a range BO + Falling wedge BO + String RSI (Above 60)
DISC: Only For educational Purposes.
Now when stock broke the Falling wedge Upper trendline then it also has retested the BO levels and consolidated for a while in the Zone of 2700-2800.
Now it will be a range BO + Falling wedge BO + String RSI (Above 60)
DISC: Only For educational Purposes.
Trade active
Trade closed: stop reached
Related publications
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.