The chart shows everything you need to know. It first broke out of the inside expanding channel pattern and now it gave a break out from a tight consolidation range with great volume expansion.
Heromotocop has farming darvas box pattern on daily time frame . Giving breakout above 2780 leads to further breakout levels , also volume increaing NSE:HEROMOTOCO
Category: RSI Oversold (Higher TF) + Retracement Zone
Key Highlights:
1. Bullish market structure on RSI Bullish Divergence
2. Price taking support from one of the key support levels.
3. A lot of things are going on in the backend of the company in EV Transformation and is set to pickup in some time.
Disclaimer: This is NOT investment advice. This chart is...
Note: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be a bullish hammer on the previous support. While the price is at the same level from previous support, the RSI is making a higher low.
SL: 2600
Only for Educational purpose.
This stock is right now in good area where buying could be initiated, but its not confirmed yet, if any type of bullish candle pattern is seen in lower time frame like hourly then it could be an opportunity to go long after checking all parameters are aligned or not for trade, with stop loss of same candle's low, don't jump directly...
HEROMOTOCO me trend line pr jab support dikhaiye to tabhi buy kre na warna nhi kre , aur day time pr 200 ema hai aur doji bana hua hai jayese day brack hoga wo se bhi buy kash ke ho gaa
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.
--> Market Analysis: Bulish
--> Sector Analysis : Neutral To Bullish
--> Stock Analysis : On The Chart
Heromotocorp Is Forming A Good Inverted Head And Shoulder Pattern And Has Retested It Multiple Times With A Retest From The 0.382 Fibonacci Ratio
Once It Crosses 200 Ema It Will Be Bullish For The Targets Of 3300+
Keep Stoploss If It Breaks 0.618...
Hero Moto breaking out of trend line with above Avg Volume.
Once it closes above previous swing high of 2870 the BO will be confirmed
RSI also above 50 after a long time
Can go long with SL below 2680 on closing basis
Do your own analysis before investing
