‹ All Posts
Shaly Gupta

9th Mar 2025 · SEBI-Registered Analyst

Hero Motorcorp

HEROMOTOCO
Morning star candlestick pattern at bottom of the rally in the Heromotocorp, see how it works, chart attached. As it is from important support levels, so it works. A morning star pattern is a type of candlestick chart pattern used in technical analysis, typically indicating a potential reversal from a downtrend to an uptrend. It consists of three candles: First Candle: A large red (or bearish) candle, indicating a continuation of the downtrend. Second Candle: A small-bodied candle (can be either bullish or bearish), often called a "doji" or a spinning top. It shows indecision in the market and appears after the first bearish candle. This candle might gap down from the first candle. Third Candle: A large green (or bullish) candle, which closes well above the midpoint of the first bearish candle. This candle signals the start of an uptrend.

#StockInNews#TechnicalViews#EquityResearch#Today’sTradingSetup
HEROMOTOCO_2025-03-09_07-53-20.png
165 likes·51 comments