HEROMOTOCO | Can see some short covering ahead of result - 25%+ Long

HERO MOTOCORP LTDNSE

Description

⋅ Apr 9, 2021 6:25 AM

HEROMOTOCO | Can see some short covering ahead of result - 25% to 40%

CMP : 2910
SL : 2750
Target : 3600, 3800

1:6 risk reward setup for 1st target

Comments

Thunder918

⋅ Apr 26, 2021 6:13 AM

hi, now since this stock is consistantly trading below the support zone and auto index not performing well, what are your views in respect to a breakdown in this counter?

srikartiram

⋅ Apr 26, 2021 6:15 AM

@Thunder918, Its still worth the bet, please see the daily time frame chart attached

I expect some short covering as soon as possible.

s3.tradingview.com/snapshots/v/Vz1zo3Ie.png

Thunder918

⋅ Apr 26, 2021 6:22 AM

@srikartiram, sahi... thanks ...

jaspreets8

⋅ Apr 26, 2021 9:53 AM

@Thunder918, Also you can see bullish engulfing candle on 22nd April 2021. A good sign for reversal

Poorest_fool

⋅ Apr 10, 2021 6:19 AM

Agreed, perfect setup. even the oscillator is showing divergence..would go for a sweet call option

PrathuinCK

⋅ May 11, 2021 1:32 PM

I have few shares at an average of 2879. Is it advisable to average at CMP (around 2840 levels).? Or wait for further dips?

mvforever

⋅ Apr 10, 2021 4:29 PM

great setup..thanks

Future_Trading

⋅ Apr 10, 2021 3:29 AM

nice sharing idea👌👍