Buy Hero Motor Futures in the levels 3238-3100, Stop Loss as per your risk profile/RMS Policy. Target zones 3405-3573. Less Risky Trades can buy March 3400 CE.
Trend is Down - Sell on rise on daily basis ( check video for levels )
Buy on dip ( for monthly basis ) ( check video for levels )
For education purpose only
Buy abv 3486 sl 3400 on daily closing basis or 3365 on 15 min closing basis for target of 3800+ . Volume has dropped in last 3 candles and spread has become narrower.20 DEMA should act as support. All the price action is happening within the large bullish candle which is a king of consolidation before start of next upmove.
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Om Namah Shivay
HeroMotoCo looks going for some upward movement before doing correction and again a movement before more correction. This is just a possibility.
The study is for educational purpose only. No trading suggestions.
Om Namah Shivay
Om Namah Shivay
HeroMotoCo Higher Degree EW is clear and having proper structure. The possible upward movement or a correction are to be watched.
This is for educational purpose only. There are no trading suggestions.
Om Namah Shivay
Date: 03 Feb 2021
Time: 2.15 PM (IST)
Hero Motor Corp. (CMP: 3380)
Ascending Triangle Pattern formation. Rising RSI from the 50 levels boosts the confidence.
Medium term investment view. Buy above 3,400, for a profit potential of 22%+.
Target 4160
SL: 3000
Target Date: August 2021.
Price closed above the resistance for the week as expected. Now it should fly big or a retest of the breakout level is also possible.
One can enter at the retest if it happens . . if conservative then one can enter when this current high is broken after the retest.
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HEROMOTOCO given good upside breakout upper the triangle channel. cam move towards upper FIBO LEVELS (MENTIONED IN CHARTS) in coming days.
View Negates below 3017 levels.
Must have this in watch-list for coming days.
