HEROMoto BreakoutHero moto corp is breaking out of the channel pattern. Looks good for positional traders with SL at 2700.
HEROMOTOCO
Hero MotocorpHero - 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.
HEROMOTOCO showing sign of reversalOne can take long entry in HEROMOTOCO. We see good upside potential from here.
HEROMOTOCO Continue to Fall 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.
SHORT HEROMOTOCONegative trajectory in hero moto corp, and can continue to go down provided the bearish sentiment in the auto sector as a whole.
Simple Trade Setup | HEROMOTOCO | 20-08-2021NSE: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.
Looks like Hero has bottomed out. Hero looks very attractive at these levels. Fundamentally sound company giving us a good price action to go long on this stock.
This a set up I will prefer. Why? Because even if this goes wrong I won't feel bad. A very small SL of 63 points (2700 or 2713).
Another indicator confirmation - Bullish divergence on a Daily timeframe. This is a weekly chart.
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.
HEROMOTOCO coming in buy zoneHEROMOTOCO is very close to the support on weekly chart. One can accumulate at this point who wants to invest for a long time.
Such an Amazing Pattern HEROMOTOCOHEROMOTOCO 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
Hero moto good LONG candidateHero spot cmp 2820
Time frame :- daily
Study :-chart pattern, harmonic
Symmetrical triangle breakout and bullish bat pattern formation with bullish crossover in MACD. breakout on rsi
Good bullish formation
Can give 10 to15% upmove from current levels...
HEROMOTOCO | 20-25% potential | Low risk tradeCMP- 2828
SL-2700 - 2730 (on closing basis)
Target - 3200, 3500
30/7/21
- Market structure negative making LH - LL
- Key level of support around 2700-2800
-Trading below all EMA's
- Fib retracement 0.38 zone
- Can se potential W pattern if price holds 2700 levels
- Price is near area of value
- Making a double bottom like pattern in the week
Keep strict SL to 2700-2730 on closing basis.
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.
HEROMOTOCO SHORT TERM 3,5MONTHS HOLDHEROMOTOCO WAS TRADING IN DOWNTREND FROM FEB21 TO JULY21 AND IF IT BREAKS DOWN TRENDLINE ABOVE THEN WE CAN SEE GOOD UP MOVE\
PLEASE RESPECT SL AS IF IT BREACK DOWN IT WILL FALL WITH SPEED
FUNDAMENTAL LOOKS GOOD AND AS SIMPLE TECH. ANALYSIS AM TAKING LONG POSITION
AM ENTERING WITH 5 QTY
TGT - 3400
AVG BUY - 2844
SL - 2735
LETS SEE HOW IT GOES, LET ME KNOW IN COMMENTS YOUR THOUGHTS AND VIEWS
**(THIS IS JUST AN PROBABILITY AM NOT BEBI REGISTER ANALYST)**
HEROMOTO - INVERTED H&S PATTERNInverted head & shoulder pattern spotted in Heromoto. Clear cut consolidation around the neckline. Once it breaks it with volume one can look for an upside target of 3000+ in short term
Double Bottom Heromoto Future - 15 minHero moto is taking a good support at 2870-2880 levels & we can see a double bottom formation.
From here its looking Bullish as we can see now it is going to crossover 200 EMA as well.
I think 3050-3100 levels can be seen easily in July expiry. Volume profiles suggest a good buying levels from here.
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.
Heromotoco ready to test it's previous highsStock bounced from its previous support zone 2963 -2944, sustaining this levels, stock might move towards 3090 and beyond.
intraday idea for tomorrow #equity intraday idea for heromotoco. buy above the mentioned price only if it closes above it. stoploss can be placed below trendline. if you like the analysis like,share.
#DREDGECORP CMP428.25 Target 480 #ModiSpeech #PMModi #ADANIGROUPWeekly Chart
#DREDGECORP
NSE: DREDGECORP
Short Term Quick Profit
CMP 428.25
Target: 480
SL : 402
Timeframe < 45 Days
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections followed by another high!
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
