Hero - 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.
One can take long entry in HEROMOTOCO. We see good upside potential from here.
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.
Prices also break the neckline. What you guys think?
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.
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.
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...
HEROMOTOCO is very close to the support on weekly chart. One can accumulate at this point who wants to invest for a long time.
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
Hero 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...
Heromotocorp Breakout from triangular pattern and moving doun wards
CMP- 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...
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...
HEROMOTOCO 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...
Inverted 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
Hero 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.