HERO MOTOR Bullish Entry 2800 SL 2690 Target3225

[V.VEDANAYAGAM]

HERO MOTOR is bullish due to continuous formation of HB and HT with volume as per DOW theory
TRADE PLAN HERO MOTOR LONG ENTRY 2800
STOP LOSS 2690 (Risk 110 )

TARGET 3225 (REWARD 425)

Note One can go long at two other places also and earn profit since this is a continuous HB and HT formation

[Naveen]

the volume is less in the entry level so we cannot qualify as a bullish trend

[V.VEDANAYAGAM]

DEAR SIR /MADAM
Thank you for scanning my practicals
FORMATION OF HB and HT amounts to BULL TREND
BEING a TREND pattern we do not require volume as the deciding point to ENTER
Only in REVERSAL patterns VOLUME must be there at the POINT of REVERSAL so that the STRENGTH of the reversal can be estimated

[Naveen]

sir, but charles dow said that verify with volume it is a sign of bullish or bearish.

[V.VEDANAYAGAM]

DEAR SIR /MADAM
Agreed

[Author]

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