Hero motocorp has a Bullish breakout

25 thg 3, 2024

Hero motocorp has a Bullish sloping trendline breakout, the chart shows support and resistance marked with horizontal lines. The breakout is supported by RSI trendline breakout plus increase in volumes in last few days. A support was found at 4450.

Immediate targets are 4725, 4944.

Disclosure: i hold the stock bought over last year.
This is charted for my own benefit and part of my learning and investing process, i am a retail long term investor.

This is purely a technical chart observation, please check the fundamentals before investing.

3 thg 4, 2024

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Watchout for any breakdowns, as it retests the trendlines.

8 thg 4, 2024

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Careful as it is below the bottom trendline

8 thg 4, 2024

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Stoploss at 4450, exit if closes below this on daily timeframe

13 thg 4, 2024

Đóng lệnh: dừng lỗ

stoploss hit, need to study again for the next move