Hero Moto Co (Consolidation breach incoming ?)
Hero Moto has formed a Triangle in and around it's current high formed around the 3200 mark. It will be interesting to see how it reacts on the upper end of the triangle, in case a breach come through a new upside trend might start, purely based on technicals. However in case the breach is towards the downside it might continue lower for a while.
Numbers for Auto's are due on the 1st of October so that might play a role as well. Keep in mind that a breach before 1st might not sustain if the numbers indicate an opposite trend. Trade with Caution.
Numbers for Auto's are due on the 1st of October so that might play a role as well. Keep in mind that a breach before 1st might not sustain if the numbers indicate an opposite trend. Trade with Caution.
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.