First post after long duration
Hero Motors Bearish view
Hero Motors Bearish view
- The Chikou span is the lagging indicator component of the Ichimoku Kinko Hyo candlestick trading model.A Chikou span that is currently trading below where prices were 26 periods ago indicates a downtrend
- The tenkan sen/kijun sen cross is one of the most traditional trading strategies within the Ichimoku Kinko Hyo system. If the tenkan sen crosses below the kijun sen, then that is a bearish signal.
- The Kumo is typically looked at in terms of support and resistance; if it is thick, then the support/resistance is strong. If the price is below the Kumo, then it is under resistance and it is better to be looking for shorts instead of longs.
- The only one thing which can help is that one trendline which is actict as support if it is broken I am expecting good fall in Hero motors.
- Overall stock is looking Bearish to me. This is my personal view No Buy or No Sell call.
- NOTE - There is news about the 100cc vehicle from Karnataka court dont know how the stock will react to it.... Happy Trading