J A C K P O T HEROMOTO fut broke out triangle pattern with decent OI on an hourly charts.
Could be bought with mentioned stoploss & target.
Not to be missed breakout
Heromotocorp
HERO MOTO CORP - LONG AWAITED BREAKOUT!BUY - HERO MOTOCORP LTD
CMP - Rs. 2931
Target - 1: Rs. 3530
Target - 2: Rs. 3950
Target - 3: Rs. 4400
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Technicals - Bullish Symmetrical Triangle BO
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This is just a view by an expert analyst, please invest at your own risk.
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H E R O M O T O C O R PHEROMOTO is on the verge of breaking out of triangle pattern on an hourly charts with very good volumes as well as very good risk:reward in favour of bulls.
Not to be missed above 3125
Could be bought here on breakout of 3125 with menioned stoploss & target.
📈 Exciting Bearish Pattern Alert!📊 Pattern: Falling Wedge Stock May Break down
📌 Symbol/Asset: HERO MOTORCORP LIMITED
🔍 Description:
Stock in bearish momentum may break down
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Evening StarAn evening star is a candlestick pattern used by technical analysts to predict future price reversals to the downside.
Although it is rare, the evening star pattern is considered by traders to be a reliable technical indicator.
The evening star is the opposite of the morning star pattern. The two are bearish and bullish indicators, respectively.
Script = HeroMotoCorp
Time Frame = 1 Day
Hero Motor Corp Analysis Stock is trading near BO zone and massive volume build up seen on weekly TF making double bottom pattern, follow chart for proper entry and exit levels.
HeromotocoHeromotoco has given BO at 2493
2580 is supply area , if that is crossed then we may expect this to hit upper red resistance level.
it was oversold that is why this move is coming.
Fibonacci RetracementFibonacci retracement levels—stemming from the Fibonacci sequence—are horizontal lines that indicate where support and resistance are likely to occur.
The indicator is useful because it can be drawn between any two significant price points, such as a high and a low. The indicator will then create the levels between those two points.
Script = Heromotocorp
Time Frame = 1 Day
HEROMOTOCO- Set to Outperform the Auto Index!Attached: HEROMOTOCO/ NIFTY AUTO Weekly Chart as of 28th April 2023
The Chart is Clearly indicating a Terminal Wave in the form of an Ending Diagonal with a Massive Bullish RSI Divergence
So long Hero MotoCorp has been ignored by the Market and Underperforming within the Auto Index
Get Ready Now because the Stock will see a Change in Trend from Down to UP
and INVESTOR Money is expected to start flowing into this Stock
Makes a Case to Buy an Outperforming Stock
See my Related Idea on HEROMOTOCO Outperforming Index Nifty 50, that is another evidence that supports the Bullish View
HEROMOTOCO✅ 2477-2531 level is a Multiple time tested level and also act as a continuation for down trend.
✅ You can short on this level or wait for proper confirmation on smaller time frame.
✅ Is this level break then this level also act as a support and you can go for long on retest on 2477-2531.
✅ But look for 2641-2667 for short. Price will give you a proper short entry.
ALWAYS READY FOR EVERY MOVEMENT THAT MARKET GIVE TO YOU...!
ALWAYS PREPER WHAT HAPPEN NEXT.
YOUR PLAN IS EVERYTHING..! BE READY WHAT WILL HAPPEND.
Bullish Engulfing PatternA bullish engulfing pattern is a candlestick pattern that forms when a small black candlestick is followed the next day by a large white candlestick, the body of which completely overlaps or engulfs the body of the previous day’s candlestick.
Bullish engulfing patterns are more likely to signal reversals when they are preceded by four or more black candlesticks.
Investors should look not only to the two candlesticks which form the bullish engulfing pattern but also to the preceding candlesticks.
Script = HeroMotocorp
Time Frame = 1 Day
hero moto cop stya abv 2322 or close thna fire 2345--2360hero moto cop stya abv 2322 or close thna fire 2345--2360 thna buy on dipss with sl 2296--- looking for morning start pattern
Hammer PatternHammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow.
The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price.
The close can be above or below the opening price, although the close should be near the open for the real body of the candlestick to remain small.
The lower shadow should be at least two times the height of the real body.
Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation.
Script = HeroMoto Corp
Time Frame = 1 Day
Morning StarA morning star is a visual pattern made up of a tall black candlestick, a smaller black or white candlestick with a short body and long wicks, and a third tall white candlestick.
The middle candle of the morning star captures a moment of market indecision where the bears begin to give way to bulls. The third candle confirms the reversal and can mark a new uptrend.
Script = HeroMotocorp
Time Frame = 15 min
Inverted Hammer
The Inverted Hammer also forms in a downtrend and represents a likely trend reversal or support.
It’s identical to the Hammer except for the longer upper shadow, which indicates buying pressure after the opening price.
This is followed by considerable selling pressure, which wasn’t enough to bring the price down below its opening value.
Again, bullish confirmation is required, and it can come in the form of a long hollow candlestick or a gap up, accompanied by a heavy trading volume.
Script = HeroMoto Corp
Time Frame = 1 Day
Inverted HammerThe Inverted Hammer also forms in a downtrend and represents a likely trend reversal or support.
It’s identical to the Hammer except for the longer upper shadow, which indicates buying pressure after the opening price.
This is followed by considerable selling pressure, which wasn’t enough to bring the price down below its opening value.
Again, bullish confirmation is required, and it can come in the form of a long hollow candlestick or a gap up, accompanied by a heavy trading volume.
Script = HeroMoto Corp
Time Frame = 1 Day
#HEROMOTOCORP BEST FOR BUY (INVESTING)Heromotocorp stock at Weekly Support trendline. Investors accumulate their positions here in this Zone.
I also added 3 Qty here at 2510 levels with First Target of 2750, 2nd Target 3000 😄
Any reversal apart from my Analysis I will not exit, I will add positions...
Heromotocorp Triple Bottom PatternHEROMOTOCO is near support zone on hourly chart.
Entry
We can go long when price makes strong bullish candle near support zone.
Target
Target will be the next resistance zone, as marked on the chart.
Stoploss
Stoploss will be below the support zone.
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HEROMOTOCO Ready for Bulls Ride ??!!!!Chart patterns convincing me to post the above titled opinion
REASONS
1. HEROMOTOCO has been trading inside a Expanding Triangular Pattern by Taking support & resistance at respective levels
2. Currently, it is going through the up swing move inside the pattern
3. 2022 November Monthly candle seems to be an INDICATION for RACING BULLS ARRIVAL(with high tested)
4. No other Auto stock gave such a Bullish November candle
5. The same November candle broke and closed above the WHITE trendline with Volume SUPPORT!!!
6. Inverted Head & Shoulders pattern formed, Same November candle seems to be the breakout candle again!!!
7. Big move can be expected in the coming days.... (Probability looks more for the upside!!)
8. Target & SL levels mentioned @ chart
9. HEROMOTOCO composes 5.97% WIEGHTAGE in NiftyAuto index and 0.47% in Nifty50 index !!!
Monthly chart close look below
DAILY TIME FRAME BELOW
Let's wait and watch how it moves!!!!
Note - Just sharing my view....not a tip nor advice!!!!
#heromotocorp trade idea kindly see the levels text on the chart and take trade only when the criteria's are full filled
this is not a trade recommendation only for educational purpose .
Tweezer TopA tweezers topping pattern occurs when the highs of two candlesticks occur at almost exactly the same level following an advance.\
Like many other candlestick patterns, tweezers occur quite frequently.
Tweezers are more meaningful as part of other trends, especially pullbacks.
Script = Heromoto corp
Time Frame = 15 min
SWING TRADE - HEROMOTOCORP - R : R @ 1:2Potential Opportunity as Swing Trade in NSE:HEROMOTOCO
If tomorrow price action form with green candle above previous green candle, then buy at top of the previous day & stoploss below to it.
Risk : Reward - 1:2
ENTRY @ 2832.00
TARGET # 1 @ 2930.00
TARGET # 2 @ 3015.00
STOP LOSS @ 2740.00
This is for Educational Purpose only, apply your prudence & consult your adviser before any investing.
HAPPY TRADING.....
#nse #swingtrade #nifty #heromotoco #nifty50 #priceaction #supportzone #trendline #bullish #riskrewardratio #sma #simplemovingaverage
