Jamit,
What do you think for Hero.20 day low was 1708 and today high was 1732.Current Spot price is 1713 so working well on TS+1.
The underlying assumption in TS scrips is that the supply has been temporarily exhausted at the breach level. With the surplus demand the price should zoom off to the next resistance. This is our only advantage.
In case of Hero, since price has come down 19 pt (1%) I believe that advantage has already been exhausted. The very reason why I did not even look at Voltas today. However, both, Voltas and HH, could end-up being successful but then it would be for different reasons.