Hero have been on downtrend , people shorting at trendlines getting trapped and its accumulating. mid term target is front of you
Inverted head & shoulder pattern spotted in Heromoto. Clear cut consolidation around the neckline. Once it breaks it with volume one can look for an upside target of 3000+ in short term
Hero moto is taking a good support at 2870-2880 levels & we can see a double bottom formation. From here its looking Bullish as we can see now it is going to crossover 200 EMA as well. I think 3050-3100 levels can be seen easily in July expiry. Volume profiles suggest a good buying levels from here.
✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺ I post Good and potential trading ideas on daily basis on this page of mine :) ✺✺ Target: 1000 Followers ✺✺ Chart Reading: So as you can see its taking heavy support from below and there is a good trendline above, conviction can be generated for a possible swing trade when it breaks the above...
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...
First step of a successful trader is to build a Trade plan & review what he has done. This is my Trade Journal . (education purpose for all ) Trade plan Reliance : Trend is down- Buy on dip ( see video for details ) Hdfc Bank : Trend is up -- Buy on dip ( see video for details ) Heromotocorp : Trend is down-- Buy on dip ( see video for details ) Jai...
" TECHNICAL ANALYSIS OF NSE:HEROMOTOCO The LAST CLOSE PRICE of NSE:HEROMOTOCO is 2939.2 . The PARABOLIC SAR is showing the DOWNWARD SIGNAL with TREND as DOWN TREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.236 at the FIBONACCI STOCK PRICE LEVEL of 2939.2. From here, the Key Support and Resistance levels are SUPPORT 1...
KEY TAKEAWAYS A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long. Technical traders using this indicator should place a stop buy order...
Stock bounced from its previous support zone 2963 -2944, sustaining this levels, stock might move towards 3090 and beyond.
Heromoto chart the formation of the Cup & Handle Pattern formation this is this is Techanically is Good You Can Watch this chart Carefully. At Present no Trade but After Brackout you Defentally buy this Stock.
First step of a successful trader is to build a Trade plan & review what he has done. This is my Trade Journal . (education purpose for all ) Trade plan Reliance : Trend is Up- Buy on dip ( see video for details ) Hdfc Bank : Trend is down -- Buy on dip ( see video for details ) Heromotocorp : Trend is down -- Buy on dip ( see video for details ) Jai...
It is just a retest of the Breakout...
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.
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.
By taking support on long-term moving average hero motor corp reversed. RSI, MACD and are not suggesting much of a bullish move so taking confirmation above 3050 is a must for any long-term position.
entry - 3040, sl- 2740