HEROMOTOCO
HEROMOTOCO SHORTI hope you can now see how Heromotoco represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Thank You
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
HEROMOTOCO is Running in SR Zone (Strong Breakout Trade)Hero MotoCorp Limited : Automaker Company ( NSE:HEROMOTOCO ) is Making SR Zone Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
HEROMOTOCO joyous trade system:Heromotoco is trading in a parallel channel.
It has already taken its resistance and follow down price, this stock is bearish. It is still expected to move further down till 2586.
The low volume is telling that the stock will continue to move in its direction or there will be a price rotation and less fluctuation.
Though if the price cross 2712, stock will be bullish.
HEROMOTOCO Rising Wedge + Inside Bar SetupHEROMOTOCO on daily time frame is contracting along a rising wedge pattern which is almost about to breakout.
Combined with the bearish pinbar candle formed suggest a break of the high or low will give a good move.
Long above 2431
Short below 2369
Fixed target: 1% (or the nearest S/R)
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
HEROMOTO Only for swing trading...
Buy HeroMoto on monday above 2032 for the target of 2250, 2300.
and
If stock move down then short below 1935 for the target of 1850, 1835.
not take any trade in this range of 1950 to 2030. ( you can do daytrade in this zone)
time period- 5days to 15 days. only for swing trading...
Happy Trading
Thank you,
Vishwajeet Sharma