Heromotoco has a very beautiful price action trading in the channel.
The stock made an evening star and closed at the value price.
It is also showing a hidden bearish divergence. Seems like its ready for the downward cycle!
Short below 2750 for 2720, 2700, 2690, 2675, 2650 with SL at 2800
Since tomorrow is expiry, it would be a volatile &...
Hero broke out of its long term bullish channel on the account of Rs. 25 Dividend - so a price correction was only expected.
The breakout may well be a rejection like we have seen earlier and it took a sharp pullback from 200 HEMA which has acted as a support on all previous breaks from the channel.
Positional ideas: (I will wait for confirmation with a close...
HEROMOTOR SELL BELOW 2750
TARGET: 2735, 2722, 2710
If sustain below 2700 then 2660-2650 possible
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Hero looks weak as per recent price action. RSI negative divergence is also emerging. But I would like to see it closing below 21 DEMA and lower bottom both to take any short decision . First, I will buy at 2660-2660 with stop loss below 2597 for target 3060. If closes below 2600 then I will look for short opposunity
In 15 MIN chart nifty is forming a pattern called ASCENDING TRIANGLE . IF NIFTY SHOWS POSITIVE MOVE THEN THAT WILL BE AN EXTRA ADVANTAGE.
Ascending triangle is a very much popular pattern.
risk : reward ratio is 15:15.
Look through Technical analysis we can predict the best case scenerio. Here the blue support line is very important. There is a high chance of...
Watch out for breakout. if it shows weakness than sell it for the target around lower part of the wedge.
I am taking long side because i think it has spent enough time in congestion zone and ready to move higher.
Trade with risk management but don't get afraid of taking risks because the winner is who bets as well as never gets short of...
From the life high price made in 2017, Hero Motor stock price has been on a consistent downward move. Earlier this year the stock fell near to 1500 levels and ever since has been making an attempt to reclaim some of the earlier support levels. The last four weeks price action suggest that the stock can climb to higher levels if it defends 2240-2200 levels which is...