buy HEROMOTOCO above 3250 tgt 3280/3330 sl 3210
Primary
trend of the HEROMOTOCO is bullish and it is near to give breakout of its
MONTHLY PIVORT POINT range bound movement of 3260, it is forming continuation
pattern in short term charts, it is likely to continue the positive movement
with the breakout of the pattern at the levels of 3260; as the stock is
managing to trade above its 55&200 days moving averages with the RSI of 45,
one may expect the targets of 3280/3330 in the stock if it manages to sustain
above the immediate support level of 3200.22 EMA at 3280 seen as a first
resistance level .
Market
In Positive Momentum, Hold Long Positions Or Buy At Dips
The surged to an intraday
high of 9,208 after opening at 9,185. However, it failed to sustain higher and
has come-off from the day’s high.Immediate support is at 9,175. A break below
it
can take the contract lower to 9,145. Further break below 9,145 will increase the likelihood of the contract extending its down move to 9,110.On the other hand, if nifty manage to sustain above 9,175 and bounces higher, it can revisit 9,210 levels. Short-term traders with high-risk appetite can go long on a reversal from 9,175 with a stop-loss at 9,160 for the target of 9,200.
can take the contract lower to 9,145. Further break below 9,145 will increase the likelihood of the contract extending its down move to 9,110.On the other hand, if nifty manage to sustain above 9,175 and bounces higher, it can revisit 9,210 levels. Short-term traders with high-risk appetite can go long on a reversal from 9,175 with a stop-loss at 9,160 for the target of 9,200.
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