I believe in technical analysis and I have been astonished about the accuracy when used properly, this is one of those cases.
The Peak can be considered as Stoploss
In September, We shared the Technical analyzed chart of HeroMotocorp and there we gave a target of upside move and you can see there, it has already given a huge return in just matter of 3 months and now it started correcting....
Here, we have shared the updated analysis chart for your better decision making ...
Select strike price near ATM which is double from todays lowest (i.e 40 to 80 )
(ATM +- 100 CE/PE to make ITM )
Buy - 40000 PE
Time - 1.45 pm to 2.30 pm
At Price - 80
SL - 25%
Sell Price T1 - 160 50% quantity
Sell All T2 - 200
Note : This is for study purpose only not for trade. Please understand the Strategy for HERO to ZERO
HEROMOTOCO is near support zone on hourly chart.
Entry
We can go long when price makes strong bullish candle near support zone.
Target
Target will be the next resistance zone, as marked on the chart.
Stoploss
Stoploss will be below the support zone.
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Hero launched some models in Turkey, and appreciated 8 percent in stock spot price.
However, hero motor export figures are next to nothing. Just about 20000 units.
Move is disproportionate, sell CE (call option) of 2700s toward 2585(200DMA level), and then 2500.
Hero has tried to find solace at 200 DMA, in recent times.
Hero stock price is expensive, given...
In total, LIC holds about 11 percent equity in Hero motor, that is correct (up from the earlier 9% approx.)
However, this holding increase took place over a period of one-and-a-half years (Jan 2021, to June 2022), and not right now as news reports seem to suggest.
This (actual) time frame of 1.5 years over which LIC increased their hero holding is courtesy of...
Goldman Sachs (GS) is underweight on Hero motor, with a target price of 2080 rupees.
Given this global selling environment, intraday target (Monday) for Hero motor is 2500, and heading toward 2400.
Hero might very well open at 2500 (which is a nice round number)—in which case, wait till it goes to 2600 spot price, before taking bearish position (if you want to...
Hero motor is forming dark cloud cover in the short term (intraday) and has lot of downside in the weekly time frame.
Hero at CMP of 2650 has a lot of downside, given the steel excise-duty (news driven) rally after it's poor quarterly results.
Both their topline and bottom line were hit.
People are not buying hero motor bike; 24% decline in sales.
Net profits...
Intraday selling at nifty open, tomorrow.
For long term picture, refer to older post.
Monthly results are out . Similar to Bajaj Auto, entire two-wheeler segment is hurt. Hero is no different.
Semiconductor supply issues in two-wheeler segment. Sourcing semiconductors during shortage will reduce margins as well.
We see decline in exports in Hero (as well as...
Hero motors seen in monthly time frame shows head-and-shoulders pattern with head on top
Keeping all viewpoints in mind, Hero motor has upside till 3000/- (given optimistic picture of the economy), which is 200 rupees from here—and downside till 2000/- which is 800 rupees from here, given reducing margins and decline in quarterly sales (24% decline, as seen over...
NSE:HEROMOTOCO
Observations:
1) On 1day time frame, we can see it is near critical breakout level of 2600.
If it trades above it then we can aim for the resistance trendline as our target for positional buy trade and if it rejects from here then we can plan as per sell trade but not positional.
Please refer below chart : 1day time frame.
2) On 15min...
The stock was on a downtrend, moving in a parallel channel. It gave a breakout of the channel, suggesting a reversal trend.
Trade can be taken if the stock sustains over 2800, which is a resistance zone, for targets of 2900 and 3085.
Stop Loss can be maintained at 2740.
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If you have any queries/suggestions...
Hero - Cmp 2782.60
Looks good at cmp for long position with 2710 stop loss on closing basis for initial target of 2980-3030.
Reason:
1. Bullish divergence
2. Near support area
3. Favorable risk reward ratio.
NSE:HEROMOTOCO
Trade setup remains same as per previous trade setup.
Please refer link below to see previous trade setup.
Do comment your doubt or suggestion.
NSE:HEROMOTOCO
Observations:
1) On Daily Time Frame, It breakdown 400 DMA 1st time on 29 July and from the next day stock reverses.
Yesterday, it closed below 400DMA but today it reverse with powerful candle and closed above 400DMA with good power and volume.
Please refer Chart below: Daily time frame.
Whenever Stock is at 400DMA it has higher...
![HEROMOTOCO: Simple Trade Setup | HEROMOTOCO | 23-05-2022 [INTRADAY]](https://s3.tradingview.com/k/kP2kX3r9_mid.png "Simple Trade Setup | HEROMOTOCO | 23-05-2022 [INTRADAY]")
