HEROMOTO CORP Hello
Welcome to this analysis about HEROMOTO CORP , we are looking at daily timeframe perspectives. HEROMOTO CORP in recent timesdicreased with bearishness however it now moved into an oversold condition. HEROMOTO CORP is developing here that will be a decisive factor in the upcoming times. I discovered the main formation HEROMOTO CORP is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how HEROMOTO CORP has emerged with this key ascending-wedge-formation marked in my chart with the black boundaries. HEROMOTO CORP is near support region which is an important support and also psychological support-mark together with the lower-boundary of the ascending-channel-formation a pullback
In this manner, thank you for watching my update-analysis about HEROMOTO CORP and its major ascending-wedge-formation with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
Heromotocorp
HERO MOTOCORP as on 14.08.2021A DESCENDING TRIANGLE PATTERN FORMED!!
LET SEE WHERE IT WILL GIVE A BREAKOUT!!
If breaks up then can give a good high!!
If breaks down can make a down fall!!
HAMMER ALSO FORMED 2 DAYS BACK WITH NO CONFIRMATION CANDLE!!
DO CHECK THE BREAKOUT VOLUME!!
(ABOVE analysis is only for study purpose do not take it as any buy or sell call)
HEROMOTOCO - FIbo & Multi time frame analysis + flag patternAll The Levels And Patterns Are Marked On Charts, Red Zone Denotes Supply Zone And Green Is For Demand Zone.
BUY NEAR 3225 if the price is supported. In case the price breaks the lower trend line in 5 mins time frame, it can take support from 3208, if that gets broken 3184 will be the next support level .
The Indicator Used:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts. - Not Used Here.
2) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!