ReeAishw

HEROMOTOCO - FIbo & Multi time frame analysis + flag pattern

Long
NSE:HEROMOTOCO   HERO MOTOCORP LTD
All 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!!!
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