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HERO MOTOCORP LTD
Long

DOUBLE BOTTOM PATTERN BREAKOUT

By dhineshraj1410
  • Double bottom pattern has been formed and it took resistance from the neckline, that means it has again tested that level.
  • EMA 20 is tocuhing EMA 50, so there can be cross-over as well.
  • So there is a possible breakout towards Upside, check the volume while breakout happens.
  • Buy at 2945 - 2955 after confirmation of breakout.
  • Exit at 3010 - 3030 level, if it gets reversal from supply zone, or if it crosses that supply zone, exit at 3080 - 3100 level
  • Stoploss at 2920
Double Top or BottomMoving AveragesVolume
dhineshraj1410

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