HERO MOTOCORP HEAD AND SHOULDERS BUY OPPORTUNITYHERO MOTOCORP STOCK MAY FORM INVERTED HEAD AND SHOULDERS ON H-1 CHART. THE HEAD OF POTENTIAL HEAD AND SHOULDERS PATTERN HAS FORMED AT THE PSYCHOLOGICAL LEVEL OF INR 2000 MARK. PRICE LEVEL OF INR 2000 WAS HELD AS RESISTANCE ON DAILY CHART ON 09 & 13 APRIL 2020, WHICH MAY ACT AS SUPPORT AND CHART MAY COMPLETE REVERSAL FORMATION "HEAD AND SHOULDERS". THIS PATTERN SUGGESTS THAT STOCK HAS POTENTIAL TO GO UP.
ENTRY: INR 2060 TO INR 2040 (WAIT FOR REVERSAL TO THE UP SIDE IN THIS RANGE ON H-1 CHART)
STOP LOSS: INR 1960
TARGET-1: INR 2130 (RETEST OF NECK LINE)
TARGET-2: INR 2200 (RE-TEST OF PREVIOUS STRUCTURE RESISTANCE)
