RUDRA007

Hero moto good LONG candidate

Long
NSE:HEROMOTOCO   HERO MOTOCORP LTD
Hero spot cmp 2820
Time frame :- daily
Study :-chart pattern, harmonic

Symmetrical triangle breakout and bullish bat pattern formation with bullish crossover in MACD . breakout on rsi
Good bullish formation

Can give 10 to15% upmove from current levels...

Comments

I have 1 lot 2900CE @ 42 in Aug series. Thanks for sharing your chart.
+1 Reply
Rosy01 mahesh_invest
@mahesh_invest, Same here @41.80. Took the traded based on own analysis
Reply
@Rosy01, Oh, Interesting. Bought it on July last week. It went two times below 25-30 range. But i did not accumulate the lots.
Reply
Rosy01 mahesh_invest
What’s your SL?
+1 Reply
@Rosy01, No SL. Manually I will exit if I am not comfortable with the trade.
+1 Reply
Rosy01 mahesh_invest
@mahesh_invest,My SL hit
Reply
@Rosy01, I am holding. I will not average. Let us wait and see. We have time upto 26th August.
Reply
Rosy01 mahesh_invest
@mahesh_invest Good. All auto stocks are bearish. Hope that Hero shows up on earning day.
+1 Reply