will like to short hero moto ...at current levels i find it weak ,
i know its quiet risky , but in games , either u win or you loose!!!!!????
Heromotocorp
Hero Moto: Weeky, Facing resistance near D zone of AB=CD patternNSE:HEROMOTOCO Weekly Chart: Hero just tested the 'D' level of AB=CD pattern (= 4100 zone) & facing resistance. Stock likely to test 0.618 of Fibo = 3236 level (Marked with white arrow). Bias remains bearish, But not safe to short as Risk Reward Ratio is not good here.
HEROMOTOCO short setup - Hunt with tRexShort HEROMOTOCO between 3800-3775
T1: 3725
T2: 3675
SL: 3850
get ready for " DHOOOOOMMMM""" HEROMOTOCORP IS A GOOD BUY FROM CURRENT LEVELS AND CAN SHOW LEVELS OF 4000 IN 3 MONTHS
FOR TRADERS IT CAN SHOW 3870 IN 2 WEEKS.
Ascending Channel on HeromotoAscending Channel on Heromoto and it broken the channel.
Trade:
Short Entry - 3880
Target - 3800
Stop loss - 3930
Flag breakout in HeromotocoHeromotoco has given breakout from Flag formation after being in a range for about 2 months. With this it is likely to touch 4200-4250 levels. Stop Loss should be closing below 3750 levels.
near term trading idea for HEROMOTOIf bounced off and closes above 3250 is a good sign otherwise, sell if closes below 3175
HEROMOTO getting ready for big moveon daily chart HEROMOTO is looking strong and it just need average results to move higher and start a new bullish trend.
For Short term (till results out) target is 3400 with SL being 3100.
If results are good, buy on every dip for the targets of 3700, 4000 accumulate up to dips of 3000.
HEROMOTO - Something's cooking ? CMP - 3348
You can see huge buying interest above the black support line.
This has a nice probability of going upwards now.
Going long.
Will exit below black and re-enter if signs of strength re-emerge.
Cheers !!
A safe long term buy As per the multi year bollinger chart, in early 2014 price bounced off the support line (averages) and went on to reach new highs in long term.
Same scenario happened very recently and I'm very bullish with at least 3700 target in long run.
Contrasting Technicals and FundaamentalsWanted to open this one up for discussion.
Ive been monitoring this company for a while. A lot of people say go long but the technicals dont reflect what I would feel is a fair response to their reported numbers (summary is they beat market expectations).
I think I will start monitoring the market depth more closely the next few days and accumulate positions in a measured manner, but I think this stock has strong supports and good upside.
Hero Motor CorpAgain, I am new to this so I am just doing the basics. Have a look at my comments and share your thoughts.
Bullish on HeromotocorpHeroMotoCorp is in last leg of bearish bat formation. Might hit 3323 and 3409. Go long above 3255.
Hero MotoCorp - DeccelearatingA weak stock, it has just retraced it fall in Dec month, and wil fall again with Nifty from Tuesday. Stay away from it.
Heromotoco giving long breakoutHeromotoco giving long breakout above 2972 level, above that it can go to 3012/3060/3135 if do not break 2935 on downside.
Hero Motocorp turning bearish Hero Motocorp after its long term uptrend journey broke at 3700.00, it seems to have turned bearish and trading touching down trend line resistance also retraced up to two fibo extensions now approaching to crucial 50% extension of fibo where we can see some change in this stock, trader may go short on this stock after a slight upward movement around 3370.00 and target for 3081.52 and if upward breakout occurs at 3370.00 exit on small stop loss.
