NSE:HEROMOTOCO   HERO MOTOCORP LTD
#HeroMotoCo looks bullish . Momentum indicators is in bulls favor with RSIStairs at 59. ADX rising. Stock trading above all major moving averages 20/50/200 DEMA . Stock has formed a #RoundingBottom pattern and trading near the neckline 3013 above which it will breakout.

Typical text book target for the pattern comes around 3275. Good to go long with protection for a target of 3220/3118.

Trend + Momentum Score : 3 Star Bullish (Daily TF)
Comment: Disclaimer: All these stock ideas or trade updates shared here are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis this ideas. Objective of posts is to educate and help members learn technical analysis and hedging techniques from my personal trade picks to reduce the risk per trade and save yourself from bigger losses.

All these trade picks are selected using technical analysis and price action (VSA MomentumInvest Trading Setup) and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max use it for paper trading. Strictly
avoid it for trading using real money. I am not responsible for any kind of profit and losses arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).

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