HINO is in bull run since 26 Nov 2024. On daily TF, RSI does not show any sign of divergence and KVO is almost vertical suggesting a strong bull run. However, RSI is almost at 85 and at any time trend may retrace to define a proper Higher High.
Resistance Zone 481~530 is critical. Then another resistance line at 700 is present.
On weekly time frame, Crab Harmonic pattern has been drawn, which if respected by price then we will see a very substantial return at TP-4 in 15 months time.
Trade Values
Buy-1 (Mkt): 435
TP-1: 481 (people will sell to book profit around 465)
Buy 2 : 425 (on retracement)
TP-2: 481~ 530 (people will sell at a bit higher values than TP-1)
TP-3: 700 (A small retracement is possible due to profit booking)
TP4: 1630 (For Swing Trading)
Stop Loss: 277 (Kindly modify Stop Loss, as TP-2 is hit to make breakeven for Swing trading).
Resistance Zone 481~530 is critical. Then another resistance line at 700 is present.
On weekly time frame, Crab Harmonic pattern has been drawn, which if respected by price then we will see a very substantial return at TP-4 in 15 months time.
Trade Values
Buy-1 (Mkt): 435
TP-1: 481 (people will sell to book profit around 465)
Buy 2 : 425 (on retracement)
TP-2: 481~ 530 (people will sell at a bit higher values than TP-1)
TP-3: 700 (A small retracement is possible due to profit booking)
TP4: 1630 (For Swing Trading)
Stop Loss: 277 (Kindly modify Stop Loss, as TP-2 is hit to make breakeven for Swing trading).
Trade active
Fundamentally this SCRIPT is weak, therefore, take trading decision accordingly. 
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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.
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.