Hero Motocorp is trading around the levels from where in can give either side move. The stock has retest the 61.8% fibonacci levels and after takin support from the level it retested and reversed from 50% level of the recent down swing. So the stock right now is trading around 3000 levels and has formed a gravestone doji after a big 7% bearish move last week....
Bearish BAT In HEROMOTO ( 2 Way Trade ) Buy At Cmp 2958 SL - 2739 ( Weekly Closing Basis ) Target - 3460 Sell PRZ - 3460/3483 SL - 3640 Target - 3000/2860
Hero Moto corp has given a break down of a triangular consolidation and also closed below its 20 DMA, Though, its taking support from its weekly 200 ema. Tomorrow, if the stock on an hourly time frame closes below 2774 levels, a short traded can be initaited. Targets :- 2735, 2692 Stop loss :- 2775 The markets are retracing and the stock if closes below 2730...
Hero Motocorp on a weekly time frame is taking support from its 20 ema. The stock had closed between the two moving averages. For last 3 trading session the stock is trading in a narrow range and the moving averages on daily time frame has coincided. The levels for the stocks are marked on the chart itself. On smaller time frame, the price range is narrowing...
Hero Moto Megaphone Detected Buy At Cmp 2927.8 Best Buy - 2765-2865 SL - 2599 (Weekly Closing Basis) Target - 4050
Heromotoco has been falling like a meteor in the past months and now looks to have made a bottom It has retraced 50% on the weekly timeframe. RSI is bullish but for now oversold so we might see some consolidation MACD is above the signal line. Bounced back of 50% fib level. Sitting on 200 MA cluster. Buy above - 2841 Targets mentioned in the chart above Please...
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
From 2636 (a or i) and (b or ii) is completed at 2954 and 2781 respectively. From 2781 (c or iii) may be started and minimum projection range is coming at 3099-3175 which can be achieved in coming days. 2844 is good support. If breaks 2844 then may consolidate between 2844-2750.
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
entry - 3040, sl- 2740