hero motor one of best reversal setup need closing above 2800 on daily closing basis. with sl of low of last week one can watch for 10 to 20% move. will plan sept fut with 2800 pe 2marrow.
HEROMOTOCO Will Take Support From 2525-60. I Will Be Ready To Buy At These Levels. Will Keep A Distance As Of Now. If Any Lower High Is Taken Out, Will Be Alert For Us. Till Then Find Shorting Opportunity Based On Price Action.
Negative trajectory in hero moto corp, and can continue to go down provided the bearish sentiment in the auto sector as a whole.
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...
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...
HEROMOTOCO is about to bigger. But the direction is unknown. Because it moved up but it formed a DOJI and with low volumes and also no strength from buyers. Just keep an Eye on it for short term
Heromotocorp Breakout from triangular pattern and moving doun wards
NSE: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...
Key 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...
Stock bounced from its previous support zone 2963 -2944, sustaining this levels, stock might move towards 3090 and beyond.
Heromoto chart the formation of the Cup & Handle Pattern formation this is this is Techanically is Good You Can Watch this chart Carefully. At Present no Trade but After Brackout you Defentally buy this Stock.
First 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...
This can be termed as most beautiful pattern of this series June. Neat Clean Clear Breakout . Please watch the stock closely . Personally I am thinking a target of 10% from here. Target yours Loss your. Trade Responsibly.
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.
The script is in buying zone and looks good to accumulate, target 3100 to 3200 for a period of one to 3 months
Was intact at the biggest resistance after almost 3 years