Simple Trade Setup | HEROMOTOCO | 18-08-2021NSE: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 probability to bounce back.
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Trade Setup for Date 18-08-2021:
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 target w.r.t price action working near that level tomorrow.
Hope I made it easy to understand it.
My personal view is bullish on it.
Do comment your doubt or suggestion.
Heromoto
HEROMOTO Long Target 3600+HEROMOTO seems to be forming a W pattern in longer time frames (Weekly and Daily). Recently the company had few positive news like announcement of electric vehicles early Y2022 and good rural demand because of good monsoon. Market has largely ignored the news till now and a up-move is pending. Any dip below 2738 would be a strong buy opportunity. Safe traders can wait for conformation of breakout till 3080 is broken. The wait time can be longer so if you are in hurry my suggestion is to review any long positions.
SIMPLE INTRADAY SETUP FOR SAFE TRADE | HEROMOTOR | 30-07-2021NSE:HEROMOTOCO
It is on critical range 2040-2050.
I have given levels and target for safe trade. Otherwise you can use either of these levels to take trade on either side considering how price action is working in particular day near those levels.
Do comment if you have any doubt/suggestion.
I have mentioned 10 points targets only to keep the trade safe and simple. You can keep on booking partial profit at those level and book remaining at the next level if it reach there.
Hero Moto - Potential Bullish ScenarioKey Highlights:
1. Bullish market structure
2. Trendline breakout
3. Price moving in a channel
4. Major resistance: 3000
5. Support zone: 2464-2814
6. Target: 3077, 3224, 3382, 3583
7. Stop loss: 2840
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
#WeeklyWrap #Reliance #HdfcBank #heromotocorp 14th June 21First step of a successful trader is to build a Trade plan & review what he has done.
This is my Trade Journal . (education purpose for all )
Trade plan
Reliance : Trend is Up- Buy on dip ( see video for details )
Hdfc Bank : Trend is down -- Buy on dip ( see video for details )
Heromotocorp : Trend is down -- Buy on dip ( see video for details )
Jai Hind.
Disclaimer :
This video is only for educational purposes. Please consult your financial advisor before you take any trades.
🏍 #heromotocorp #niftyauto #nifty #banknifty 🎯NSE:HEROMOTOCO
one can long this for swing trade with given stop loss.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
HEROMOTOCO LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE.
PRICE LOOKS WEAK, RECEIVING GOOD RESISTANCE FROM FIBO 0.5 LEVEL
SELL NEAR 3015 LEVEL 3030 WILL ACT AS A GOOD RESISTANCE AND NEEDS TO BE BROKEN BY VOLUME.
BUY ONLY IF A REVERSAL CANDLE IS FORMED NEAR/ON THE DEMAND ZONE - GREEN.
IF THE DEMAND ZONE IS BROKEN WITH VOLUME: SELL BELOW 2850, BE CAUTIONS WHEN PRICE IS NEAR 2800 LEVEL
The indicator used:
1) Daily Lines plots Daily 20 & 50 EMA on lower time frame charts
2) TE-REKAB
3) VOLUME - RED ( BEARISH VOLUME )
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!