Hero MotoCorp is forming a saucer continuation structure on both daily and weekly charts.
Price is retesting the breakout zone around ₹6040 with low volume and small-bodied candles — a healthy momentum pause.
What’s strong:
• Trend intact (9/21/200 EMA rising)
• MACD bullish
• RSI holding strong despite flattening
• EFI above zero → buying pressure intact
• Weekly timeframe supports the same setup
Trade Plan:
• Entry: Close above ₹6040 with 2× volume
• SL: ₹5918 (ATR-based)
• Targets: ₹6442 → ₹6744
Trend remains bullish as long as price holds above 9/21 EMA.
Price is retesting the breakout zone around ₹6040 with low volume and small-bodied candles — a healthy momentum pause.
What’s strong:
• Trend intact (9/21/200 EMA rising)
• MACD bullish
• RSI holding strong despite flattening
• EFI above zero → buying pressure intact
• Weekly timeframe supports the same setup
Trade Plan:
• Entry: Close above ₹6040 with 2× volume
• SL: ₹5918 (ATR-based)
• Targets: ₹6442 → ₹6744
Trend remains bullish as long as price holds above 9/21 EMA.
Penafian
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.
Penafian
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.