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Heromoto

HERO MOTOCORP LTD. ----- Deep AnalysisHERO MOTOCORP Ltd.--- High Probability Reversal Setup based on (Power of 3) concept of ICT Strategies. Timeframe - Daily Current Price -- 4396 Projection -- High Probability Reversal Setup after Manipulation phase. Price Action Overview --- Stock is currently Respecting higher time frame Orderblock just after Accumulating Liquidity in its sideways Range. Orderblock Zone -- 4390-4500 In retailers term, It is rejecting upside Resistance or Orderflow zone of 4380-4500 Levels. Liquidity & POI Zone -- Immediate Liquidity is resting in orderblock zone of 4400-4500 Volume Imbalance --- Downside Unmitigated Liquidity is resting in Volume Imbalance zone of 3800-3920 Levels. RSI --- 1st Divergence observed at bottom From March to April period which showed bullishness and market moved upside. 2nd Divergence observed at Upside from 20 may to Mid july period which now shows bearishness and market likely downside. Final Projection for 2-3 months View ----- Main Target (High Probability) -- Price likely to grab Orderblock Liquidity (4390-4480) to manipulate retailers. -- After rejection and Clear Market structure shift on lower time frame, Entry module will be confirmed. -- From entry Module a Sell position expected towards downside Volume Imbalance zone as marked as Distribution. -- Entry Module --- In the Orderblock zone price levels (4390-4480) -- Target projection --- Volume Imbalance Zone (3850-3930) -- Exit Area --- If stock continue going upside without giving any market sturcutre shift then avoid above 4600. This setup is just reflecting the POWER OF 3 Concepts -- Accumulation >>>>>> Manipulation >>>>>> Distribution. it means that first stock accumulates large liquidity and then gives a fakeout or false breakout before giving huge opposite move. Traders or Investors views or comments are most welcome. [Disclaimer --- This setup is made just for Educational purpose onlu. Dont consider it as any Investment Idea. Consult Your Financial Advisor before any investment.) Regards, Hit_Analyst
NSE:HEROMOTOCOShort
by Hit_Analyst
4
Where will Hero Motocorp head?Hero Motocorp is trading around the levels from where in can give either side move. The stock has retest the 61.8% fibonacci levels and after takin support from the level it retested and reversed from 50% level of the recent down swing. So the stock right now is trading around 3000 levels and has formed a gravestone doji after a big 7% bearish move last week. Though the stock is showing some bullish moving averages cross over and is coming to retest the moving average. After the tie up for supplying Harley Davidson bike the stock shooted up. The stock tried to consolidate around the recent high but couldn't hold the path and has given a fall from there. The stock on the daily time frame, is trading around the 20 ema and has consolidated near the higher levels of recent swing. Intraday, swing and positional all opportunities are there in this stock as the stock has closed near a support zone and has consolidated in a range for 4 days. If the stock breaches the swing low, a bearish trade can be initiated and continued with a trailing stop loss. The stock can give 1-2% move on the intraday levels and much more in positional trades. Entry 1 :- Below 2980 Target :- 2930, 2860(with trailing SL) Stoploss :- 2995 Entry 2 :- Above 3080 Target :- 3185 Stop loss :- Can be a close below 20/200 ema on hourly charts. The stock is somewhat on the lower range and there are much more chance of a bearish move. If the stock opening gap up avoid trading the stock for intraday as it can trade in a range. Trade only once the stock start trading outside the box. Wait for the price action near the levels before entering the trade.
NSE:HEROMOTOCO
by TheMamboMomentum
Break down in HeroMoto.Hero Moto corp has given a break down of a triangular consolidation and also closed below its 20 DMA, Though, its taking support from its weekly 200 ema. Tomorrow, if the stock on an hourly time frame closes below 2774 levels, a short traded can be initaited. Targets :- 2735, 2692 Stop loss :- 2775 The markets are retracing and the stock if closes below 2730 tomorrow, it will break its weekly 20 ema and a swing trade for the month of October can give nice targets. Wait for the price action near the levels and on closes to closes basis the stock will give nice targets.
NSE:HEROMOTOCOShort
by TheMamboMomentum
2
Hero Motocorp trading near moving averagesHero Motocorp on a weekly time frame is taking support from its 20 ema. The stock had closed between the two moving averages. For last 3 trading session the stock is trading in a narrow range and the moving averages on daily time frame has coincided. The levels for the stocks are marked on the chart itself. On smaller time frame, the price range is narrowing down and the stock can give a nice move on the either side. support :- 2555, 2525 Resistance :- 2614, 2645 Wait for the stock to break and close outside the box on a daily time frame. The trade can be a swing or intraday trade.
NSE:HEROMOTOCO
by TheMamboMomentum
1
Hero motor—Goldman Sachs stance (GS) 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 be prudent with your trades). Assuming that Hero will settle at 2500 (or 2400) until further sales reports. If you wish to buy in cash market—in the long term, wait till 2300 spot price—or 2100 spot price (if you can wait patiently). This is a very reasonable stance, and not one sided. Semiconductor-supply issues will hurt production and sales, and Hero motor is yet to enter EV segment (hence, hero motor will lose market share over next few quarters).
NSE:HEROMOTOCOShort
by UnknownUnicorn8094752
2
Hero moto — large trendHero 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 (bottom line) was hit by 30%. Bearish outlook at the current market price, until next results. Results this poor have shown to plummet giants like Target and Amazon by unforeseen amounts. While steel prices will give them more margin to work with; until sales improve in the next quarter, hero motor price action will explore 2300 levels. Not bullish on this stock until 2300 spot price. Safe strategy: Sell up to two calls (CE) at spot price 2750 / 2700 / 2650 today, and hold for the rest of the month and eat premium.
NSE:HEROMOTOCOShort
by UnknownUnicorn8094752
7
HeroMoto Corp Chart Analysis !!📈 Hero Moto 📉 My Findings :- 1. Breakout from a swing high and Resistance Zone. 2. Close above March high. 3. Higher High and Higher Low formation. 4. Auto Sector is in Uptrend. Bias- Long Target- 2646, 2792, 2933 and 3057 SL- 2242 RR- 1: 2 All Important Supports and Resistances are drawn in chart. All levels are of Spot and on closing basis. Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
NSE:HEROMOTOCOLong
by ShelendrAgrawal
Simple Trade Setup | HEROMOTOCO | 23-05-2022 [INTRADAY]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 Time Frame, we can see a rounding bottom pattern. Please refer below chart : 15min time frame. Also on same time frame we can see a support channel. Please refer below chart : 15min time frame. ------------------------------------- Trade Setup for 23-05-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:HEROMOTOCO
by Trading_hawk
Heromotoco breakout + consolidationHeromotoco has been falling like a meteor in the past months and now looks to have made a bottom It has retraced 50% on the weekly timeframe. RSI is bullish but for now oversold so we might see some consolidation MACD is above the signal line. Bounced back of 50% fib level. Sitting on 200 MA cluster. Buy above - 2841 Targets mentioned in the chart above Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding. Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
NSE:HEROMOTOCOLong
by this_is_shoaib