HeromotocoHere, we have attached weekly chart patterns for reference..
I hope this will help you a lot...
Autosector
Hero motors-Green days ahead?Hero motors stock has formed a cup and handle pattern from past 4 years.
A breakout of this pattern will unlock new highs for the stock.
From investment POV, stock offers attractive dividend yield of more than 3% at CMP.
Some ratios from fundamental analysis are:
D/E is almost 0
ROCE>20%
ROE>15%
PE is 20 at CMP
For trading purposes, stock is risky considering broader markets are at lifetime high.
Best buy level is anywhere close to 2930-2950 with SL of 2700 DCB.
Targets are 3300 and above that stock can fly to ATH if market supports.
IDEA SHARED ONLY FOR EDUCATIONAL PURPOSES.
ASHOK LAYLAND Side base to Bullish SignalIn daily time frame it's follow side base trend . Due to quarterly report revenue was down by 2.91%(-2.905B). For long term view it's a bullish .
But here support was 165.35 and resistance 190.
If it break 190 resistance with great volume and take a retrace at this level then you can make position for long term .
MAHINDRA & MAHINDRA 1DBreakout of trendline and it is bouncing back from a good support with good volumes. We can see a good upmove in short term.
HERO MOTOCORP 1WBO of trendline after 2018 and also launching it's veichle can boost this stock sales and revenues. We can see good returns in short and mid term.
MARUTI Hello and welcome to this analysis
Maruti has been a rank outperformer now for 2 decades. Stock has currently reacted to a resistance suggesting probability of some more pullback.
Overall stock has tremendous potential for further upside over medium to long term. Investors could look at an opportunity to add via SIP in the broader range 9500-11000 while traders can look for swing trading opportunities with resistance near 10400-500 and support at 9800-9600.
Happy Investing
AMARAJABAT, 1D - Bullish Harami BONSE:AMARAJABAT Amara Raja Batteries Limited (ARBL), the flagship company of the Amara Raja Group, is the technology leader and is one of the largest manufacturers of lead-acid batteries for both industrial and automotive applications in the Indian storage battery industry.
Bullish harami candle pattern breakout done and breakout of 45 days consolidation done today on Daily timeframe.
Entry : 649.95
Target : 698
SL : 606
RR : 1.1
📈 Exciting Bearish Pattern Alert!📊 Pattern: Falling Wedge Stock May Break down
📌 Symbol/Asset: HERO MOTORCORP LIMITED
🔍 Description:
Stock in bearish momentum may break down
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Hero motor corp about to fly!!Nifty auto is forming a great chart pattern.
One of its contributors, hero motocorp is showing a good pattern with the first fib target of 3300-3312. Myself entered in call options today early in the morning. Looking at the movement till now, confidence increased to hold till july end!
Bullish setup for sure. Lets hope the bulls support us on this :D
Motherson looks strong in this RallyNSE:MOTHERSON looks very strong on charts. The rally is sustainable in my opinion as the auto sector is in tailwinds and is doing well at the moment. The share formed a double bottom around 60 and has since rallied back up. Previous high could be a good target and therefore, levels of 120 can be expected in the coming months. If the stock breaks above 120, then it would end its long term correction and one can expect further rally.
BALKRISHNA INDUSTRIESBALKRISHNA INDUSTRIES is looking good for a swing trade above levels of 2230(weekly candle breakout and retest) for targets of 2400/2600/2700 and sky is open above all time highs for bigger targets , a series of higher lows showing buyers coming and need a breakout above 2230 for a possible trend change towards upside , RR looks favourable
MOTHERSON SUMIStock has formed a good double bottom structure and a breakout above 80-85 levels can give a good move towards 100-110 levels in medium to long term duration
EXIDE INDUSTRIESshare name : exide industries
call type : positional or investment
- share is forming a double bottom pattern with
bullish divergence, morning star on c point
- expanding wedge on bigger time frame
- we can accumulate this share at this level and
wait for breakout above b point, then we can see targets of 284(bearish bat ) or 414 (bearish crab)
- stop loss is 150 for this script
thanks
HEROMOTOCO- Set to Outperform the Auto Index!Attached: HEROMOTOCO/ NIFTY AUTO Weekly Chart as of 28th April 2023
The Chart is Clearly indicating a Terminal Wave in the form of an Ending Diagonal with a Massive Bullish RSI Divergence
So long Hero MotoCorp has been ignored by the Market and Underperforming within the Auto Index
Get Ready Now because the Stock will see a Change in Trend from Down to UP
and INVESTOR Money is expected to start flowing into this Stock
Makes a Case to Buy an Outperforming Stock
See my Related Idea on HEROMOTOCO Outperforming Index Nifty 50, that is another evidence that supports the Bullish View
HEROMOTOCO- Relative Strength says BUY!Attached: HEROMOTOCO/ NIFTY 50 Weekly Chart as of 28th April 2023
The above Ratio Chart also called a Relative Strength Chart shows that the Stock HEROMOTOCO is set to Outperform the Index Nifty 50 and has given a Buy Signal on this Ratio Chart based on Elliot Wave Theory
Wave 1/ A was a 5 wave Impulse
Ratio retraced to 0.786 in Wave 2/ B as a 3 wave Corrective
AND NOW,
Wave 3/ C to the Upside is set to start/ has started already and this means the Stock is expected to Outperform the Market from here, making it a BUY as you always buy Outperformers because that is where the Strength is!
Note: The Stock has Earnings on 4th May, Thursday
LUMAXAUTO : GOOD PRICE VOLUME ACTION# LUMAX AUTO TECH
NEWS
Acquisition of IAC International Automotive allows us to move up the value chain.
We can do revenue of ₹3,500 crore with 13% EBITDA margin in FY25,
& looking at doubling the aftermarket revenue in 3 years, says Anmol Jain of Lumax Auto Technologies.
THE STOCK BROKEN THE DOWNTRENDLINE WITH GOOD VOLUME.
ALSO HOLD ABOVE THE 200 EMA LINE.
Didclaimer : Personal view only . No Buy Sell Recomendation.
TVS MOTORS possible Elliot wave countsHere we have shared possible Elliot wave counts of tvs motors, just for educational purpose, on monthly, weekly, daily and hourly time frames, all aligned with each other, so here we are getting both side confirmation levels for next possible moves.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Mahindra & Mahindra - breakout in weekly timeframe As you can see here Mahindra and Mahindra chart, what does this chart show?
This chart shows us that it has given a breakout of a beautiful pattern or of a range of 175 days. As you can see this stock first breaks the all-time high of 978 and then move as fast as a rocket and for the last 175 days it has been in a tight range and making a beautiful pattern i.e flag and pole pattern.
Last week this stock has given a breakout of an all-time high and of range and this week it has been consolidating making an inside bar or you can say opposite color candle. so if this stock breaks the high of the red candle i.e level of 1392 you can enter a trade and the target will be big, as big as the size of a pole, and our stop loss will be below the green color candle or the level of 1300.
I'm not sebi registered so this is only for educational purpose, do your analysis first.
IS MARUTI SUZUKI READY FOR NEW LEG OF RALLY??Trade Wisely. We Can Just Predict.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view please ask your SEBI Registered Advisor . Profit is your and loss is your.
IS EICHER MOTORS READY TO FLY TO NEW ALL TIME HIGH??Trade Wisely. We Can Just Predict.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view please ask your SEBI Registered Advisor . Profit is your and loss is your.
Mahindra & Mahindra Limited Mahindra & Mahindra:- ascending triangle pattern has formed, keep your eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
TVSMOTORbuy tvsmotor 1017.70 sl 1000 tgt 1048/1072
the whole auto sctor will give upmove
keep and eye on small and midcap of auto sector
