HEROMOTO CORP DETAILED VIEW ALL REVERSAL POINTS SHOWNFOLLOW
CAN REVERSE FROM ANY RED LINE AS SHOWN WITH ARROWS
my prevous short idea:
Heromotocorp
HEROMOTOCOIm not an expert im just sharing my views on HEROMOTOCO for tomorrow
Im not responsible for any profit or loss this is not a recommendation
back into boxHeromotoco is in strong uptrend, making box on box, tried to break latest box, but couldnot sustain belwo. gained momemtum in one like soldier + volumes
can be bot stop loss 2782
RSI divergence NSE:HEROMOTOCO RSI divergence indicates a possible reversal of trend. If breaks the trend line with momentum then it will move up. Resistance at 50 EMA (1H) to be watched....
Long Heromotoco at HVN 2709 [VOLUME PROFILE]Possible Reversal (SWING TRADE) of HEROMOTOCO at High Volume Node - 2709.
SL - Exit if Day's Close below 2621
Heromotoco above 3413Up trending stock
stand still in recent fall
BO above 3413(closing basis) will leads to good upmove
SL will be around 3000 to 2980
couple of times bounced back from 50SMA
#heromotocorp #heromoto #niftyauto #nifty #nifty50NSE:HEROMOTOCO
first short as per trading setup then long from PRZ if find reversal.
even check where from it short, check link at bottom.
HEROMOTOCO LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE.
PRICE LOOKS WEAK, RECEIVING GOOD RESISTANCE FROM FIBO 0.5 LEVEL
SELL NEAR 3015 LEVEL 3030 WILL ACT AS A GOOD RESISTANCE AND NEEDS TO BE BROKEN BY VOLUME.
BUY ONLY IF A REVERSAL CANDLE IS FORMED NEAR/ON THE DEMAND ZONE - GREEN.
IF THE DEMAND ZONE IS BROKEN WITH VOLUME: SELL BELOW 2850, BE CAUTIONS WHEN PRICE IS NEAR 2800 LEVEL
The indicator used:
1) Daily Lines plots Daily 20 & 50 EMA on lower time frame charts
2) TE-REKAB
3) VOLUME - RED ( BEARISH VOLUME )
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!
HERO MOTOCORP A retracement rally.HERO MOTO CORP A retracement rally.
Currently in a downtrend, retraced and may continue to drop.
The nearest support is 2860, on the upside resistance is around 3000
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Updated on : 27-Oct-2020 12.00pm
Disclaimer: Only for learning purposes.
- Nse Intraday Stock Trends and Stock Market Tips
for more on stock trends and stock market learning
Heromoto Corp (SHORT) ELLIOTT CORRECTION WAVE Hero moto corp followed the Elliott wave patter of 5 waves till now.
Now by Following correction wave extension we are bearish in hero moto corp.
we short Hero moto at 2920 with stop loss 3030 at max
chart is showing the potential targets.
Let's see.
Thanks.
Heromotocorp Positional BUYPrice has taken support @ trendline and candlestick pattern confirms bullish reversal. Traders can go long for targets of 3203 at the 20 DMA.
HEROMOTOCO SUPPORT FOR TODAYHEROMOTOCO SUPPORT
Next support around 2908-2850 for today
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Updated on : 26-Oct-2020 12.29noon, only for today.
Disclaimer: Only for learning purpose.
Hero MotoCorp - Change is in CardNSE:HEROMOTOCO Chart indicates a possible pullback.
- In supply/resistance zone with RSI divergence & Bearish engulfing candle in daily chart.
HEROMOTOCORP LONG IDEAYOU CAN SEE PRICE ACTION HERE IT IS MAKING HAMMER AND IS SIGN OF REVERSAL BUT BUY ONLY WHERE I HAVE SHOWN AND TARGET IS MARKED ALSO IT IS IN A CHANNEL SO CANNOT STAY OUT OF CHANNEL FOR LONG
HEROMOTOCO | Parallel Channel | Daily Analysis |Heromotoco has formed bullish parallel channel possibly will go up as shown in arrow
LIKE and FOLLOW
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.
Intraday Trading Strategy using 200MA and 8MA. (HEROMOTOCO)Strategy explained in detail on the chart.
