Hero Moto Co (Consolidation breach incoming ?)
Hero Moto has formed a Triangle in and around it's current high formed around the 3200 mark. It will be interesting to see how it reacts on the upper end of the triangle, in case a breach come through a new upside trend might start, purely based on technicals. However in case the breach is towards the downside it might continue lower for a while.
Numbers for Auto's are due on the 1st of October so that might play a role as well. Keep in mind that a breach before 1st might not sustain if the numbers indicate an opposite trend. Trade with Caution.
Numbers for Auto's are due on the 1st of October so that might play a role as well. Keep in mind that a breach before 1st might not sustain if the numbers indicate an opposite trend. Trade with Caution.
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