Monday, April 23, 2012

HEROMOTOCO : Likely to reversal from the resistance trend line and Evening Star bearish reversal pattern.

HEROMOTOCO : Likely to reversal from the resistance trend line and Evening Star bearish reversal pattern.
The chart of Heromotoco show that it has reversal from the resistance trend line and formed a Bearish reversal pattern Evening star which occured at the end of an uptrend.The current price has broken the rising trend line and closed below.RSI has given Negative divergence signal.The current price is likely to move down where the next area of support seen around 2090 / 2040 , on higher side resistance seen around 2190.

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