Heromotoco company share has given a weekly breakout on the chart after facing multiple rejection by the trendline. Last week the share price the given breakout and this week it follow up with a green candle. After 2 weekly green candle and a trendline breakout share could consolidate or it could retest the trendline.
As per Tickertape, Heromotoco share is in overbought zone, so there is a good chances that share could retest the trendline and then after some time may start a fresh move.
As on 24th Nov the share price was trading near 3750 and a good opportunity can come if the share see some retesting of the trendline, retest zone could be near 3500 level. Waiting for good opportunities can reduce the risk and maximize the profit.
IMPORTANT NOTE – I am not a SEBI registered financial advisor and my all share research is only for educational purpose. Please take advice from your financial advisor before buying any stocks. I may or may not hold the stocks which I share on my website, if I hold the stocks I could sell them tomorrow or keep them for 10-20 years, it is totally depend on my risk taking ability.
