HERO MOTOCORP LTDShort
HEROMOTOCO | SHORT | INTRADAY
HEROMOTOCO is weak on Intraday basis and on the Daily charts.
Price has been correcting since the start of January which is in continuation with the overall long term Bearish trend since Sep 2024.
Short position can be taken on Intraday basis since the price has clearly rejected the Weekly Pivots.
Target would be 4004 price level.
SL would be 4090 level.
Though this is not a good risk reward trade, those willing to play high risk can possibly take this for a 1:1 kind of trade.
Price has been correcting since the start of January which is in continuation with the overall long term Bearish trend since Sep 2024.
Short position can be taken on Intraday basis since the price has clearly rejected the Weekly Pivots.
Target would be 4004 price level.
SL would be 4090 level.
Though this is not a good risk reward trade, those willing to play high risk can possibly take this for a 1:1 kind of trade.
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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.