HERO MOTOCORP LTDShort
HEROMOTOCORP TRADE OF THE WEEK (MISSED OPPORTUNITY)
HEROMOTOCORP STOCK HAS FORMED BEARISH GARTLEY FORMATION ON H-1 CHART.
THE TRADE WAS IMPORTANT BECAUSE OF 2 REASONS:
1) STOCK HAD GAP DOWN FROM INR 1822 (20-MARCH-2020 CLOSE) ENTRY LEVEL OF GARTLEY FORMATION ENTRY INR: INR 1830
2) BOTH TARGETS OF GARTLEY FORMATION WOULD HAVE BEEN FILLED BY GAP FILLING TECHNIQUE.
GARTLEY FORMATION TRADE:
ENTRY SELL: INR 1830
STOP LOSS: INR 1893.90
TARGET-1: INR 1694.40
TARGET-2: INR 1610.60
THE TRADE WAS IMPORTANT BECAUSE OF 2 REASONS:
1) STOCK HAD GAP DOWN FROM INR 1822 (20-MARCH-2020 CLOSE) ENTRY LEVEL OF GARTLEY FORMATION ENTRY INR: INR 1830
2) BOTH TARGETS OF GARTLEY FORMATION WOULD HAVE BEEN FILLED BY GAP FILLING TECHNIQUE.
GARTLEY FORMATION TRADE:
ENTRY SELL: INR 1830
STOP LOSS: INR 1893.90
TARGET-1: INR 1694.40
TARGET-2: INR 1610.60
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