Heromotocorp
Heromoto more selling on cardsHero Moto can go more down as market is also indication more downside.
Reasons For Trade-1.Descending Triangle pattern formed on Hourly Chart
2. Price has resisted from trendline Resistance
3.Bearish candlstick pattern formed on daily chart
4.Rounding top forming on 4 Hour chart.
5.Price once breaked support of 2530 which is weak now.
6. Risk Reward-1:2
Sell below 2540 Stoploss 2581 Target 2475 Intraday 2355 Positional
Axis will land on 2013 trendline at 585Axis can go further down
Reasons for trade- 1. Axis is downtrend on daily as well as weekly chart
2.Support is formed at 640 on 4 hour chart
3.Price approaching towards the 2013 trendline
4.Rounding top patter is getting completed on daily chart
5.Risk Reward 1:2
Sell below 640 Stoploss 676 Target 600 Intraday 585 Positional
Heromoto More selling on cardsSell Below 2540 Stoploss 2570 Target 2490-2450 Or Sell near 2580 Stoploss 2610 Target 2500-2450
Reasons for trade- 1.Price in near to channel resistance
2.Price formed bearish candlstick pattern on daily chart
3.Multiple time support touched at 2540 levels
4.Risk Reward 1:2
Hero Motocorp Intrday tradeSell below 2450 Tragte 2496 Stoploss 2580
Reasons For trade-1.Price has formed strong bearish candlstick pattern on daily chart
2.2450 important support on 4 hour chart and tested multiple times
3.Risk Reward 1:1.5
Heromotocorp Investment PickAs shown on a Monthly time frame NSE:HEROMOTOCO , the stock is both at strong bullish reversal and at resistance. With muted Q2 2018 results, the stock might dip towards 50% retracement of the last candle, which should be accumulated with given stop loss for a R:R of 2+
NIFTYAUTO | 7000 Support of Last ResortNIFTYAUTO index has been on a downtrend traversing through key supports. Now 7000 seems to be the support of last resort for the index.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
Best Opportunity Trade HeroMoto CorpFollow Chart Instruction.
Can Try June Expiry Call Option.
Time Frame
Before June
investment in downtrend this stock can be bought in downward correction
refer chart for details
strong support ahead
Automobile Sector - Leading and Outperforming Companies (3)As per the Auto Index chart, it is consolidating in a downward diagonal channel, but there are companies in auto sector, (industrywise) which may outperform due to their strong fundamentals.
In Automobile Sector - Leading Companies Industrywise
1. AshokLeyland (Commercial Vehicle)
2. Jamna Auto/Automotive Axles (Auto Ancillaries)
3. VSTTractors/ Escorts (Tractors)
4. Maruti (Cars)
5. Eicher Motors /Hero Motorcorp (Motorcycles)
They above listed have consistent profits, good growth and almost no debt.
HERO MOTOCORP: Wedge breakoutHero MotoCorp has been in down trend for the last couple of years. It has been consolidating at a strong support zone forming a wedge over the last 4 months.
The wedge is now broken. It is certainly worth confirming the breakout is sustainable and then join the LONG ride!
HeroMotoCo - Intraday - ShortIf it breaks the lower support & Sustain, possible targets are mentioned in the charts..
And ADX is in strong selling mode. If everything goes well as per our prediction, will get 100+points..
All the Best.. Have a Profitable Trade..
Thanks,
Chandru
