📊 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.
An 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 =...
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.
Heromotoco 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 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...
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...
✅ 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...
A 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...
hero moto cop stya abv 2322 or close thna fire 2345--2360 thna buy on dipss with sl 2296--- looking for morning start pattern
Hammer 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...
A 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...
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...
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...
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...
HEROMOTOCO 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. Please Like and Follow Me
The counter now trading in downtrend with support at 2770 and resistance at 3050-3070
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...
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 .