Technical Outlook & Trading Strategy:-
The price of Hero Moto Corp has registered a breakout from an inverted head and shoulder formation (Weekly Chart).
This is a bullish formation and the measuring implication of the pattern suggests that the price can advance to levels of Rs 1995 and Rs 2040 levels.
The momentum indicators have also turned into buy mode which displays strength in the
counter.
Traders can look to buy at current levels with a stop loss placed below Rs 1978.40 levels for the above mentioned targets.
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