HEROMOTOCORP STOCK HAS FORMED BEARISH GARTLEY FORMATION ON H-1 CHART.
THE TRADE WAS IMPORTANT BECAUSE OF 2 REASONS:
1) STOCK HAD GAP DOWN FROM INR 1822 (20-MARCH-2020 CLOSE) ENTRY LEVEL OF GARTLEY FORMATION ENTRY INR: INR 1830
2) BOTH TARGETS OF GARTLEY FORMATION WOULD HAVE BEEN FILLED BY GAP FILLING TECHNIQUE.
GARTLEY FORMATION TRADE:
ENTRY SELL: INR 1830
STOP LOSS: INR 1893.90
TARGET-1: INR 1694.40
TARGET-2: INR 1610.60
THE TRADE WAS IMPORTANT BECAUSE OF 2 REASONS:
1) STOCK HAD GAP DOWN FROM INR 1822 (20-MARCH-2020 CLOSE) ENTRY LEVEL OF GARTLEY FORMATION ENTRY INR: INR 1830
2) BOTH TARGETS OF GARTLEY FORMATION WOULD HAVE BEEN FILLED BY GAP FILLING TECHNIQUE.
GARTLEY FORMATION TRADE:
ENTRY SELL: INR 1830
STOP LOSS: INR 1893.90
TARGET-1: INR 1694.40
TARGET-2: INR 1610.60
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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.