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.
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.
Weekly 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...
Hero Motor - Cmp 3015 The stock is breaking out from it's resistance area of 2983. Looks good for long as long as sustains above 2983. Safe traders can initiate long once sustain above 3037 for targets 3155/3214.
TF: 15 min Pattern: Cup and Handle Height of Cup: 90 points (considering cup base at 2960) Height of Handle: 30 points (ideally should be between 35-50% of cup height). Target on breakout: 90 points from CMP (equal to height of cup) Waiting for breakout from CMP (3050) which is also a long time supply zone. +ve RSI divergence observed which indicates bias towards...
#ASHOKLEY NSE: ASHOKLEY CMP 128.40 Target 1: 139 Target 2: 157 SL 120 RR Ratio > 3 Time Frame < 45D CAN HOLD ABOVE 157 for 170 target! Book part profits! Factors: 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...
1. Made triple bottom 2. todays candle shows strength over resistance 3. sustained after giving breakout 4. above all key moving averages (50,200,400) 5. today it respected 50 EMA
HEROMOTOCO Triangle breakout, BOX breakout RSI >60 daily MACD buy Waiting for momentum
HEROMOTOCO good to buy at 2660 - 2600
One can go long from here in HEROMOTOCO and accumulate on dips in the buying zone marked as green in the chart. It is trading below its 200 day EMA but may bottom out in this zone.
Heromotoco react from weekly zone if market not effect by corona and sustain from this zone we can see price near 4000. Otherwise we will see good result from next weekly zone.
HEROMOTOCO is at the channel support on daily TF. Very good risk to reward ratio. 1:3 with 2% risk and 6% target. By Fibonacci retracement of 0.5 level target=3275 stoploss=3045
NSE:HEROMOTOCO Hero Motocorp is in a channel pattern since October 2020 in daily TF. Go long after a bullish candle above 3420 : Target 1 - 3620. Target 2 - 3710. Stop Loss - 3225 Looks weak below 3195 : Target 1 - 2990. Target 2 - 2840. Stop Loss - 3355 Kindly like the idea if you find it useful. Feedbacks are welcome.
I will buy HEROMOTOCO because : It has been taking support at the trend line . It has been consolidating and give big move soon. So will be looking at buying opportunities. If it breaks the support look at shorting Entry : 2956 Target : 3500/3580 Stop loss : 2778
Was intact at the biggest resistance after almost 3 years
Broken support at 3122 Going to find next support at 2807
Disc:- This is only for educational purpose. Trade wisely