LET THE CANDLE CLOSE ABOVE MIDDLE LINE TARGET IS TOP LINE STOP LOSS IS 2225 IF TAKES RESISTANCE FROM MIDDLE LINE IT MAY FALL TO LOWER LINE NOTE: TRADE AT YOUR OWN RISK
INTRADAY: REVERSED FROM DAILY RESISTANCE RANGE 2352-2358. SHORT BELOW 2325, SL 2360, TRGT 2290, 2270 POSITIONAL VIEW: DOUBLE BOTTOM PATTERN HAS MADE.VERY HIGH CHANCES OF REVERSAL FROM THIS LEVEL. LONG ABOVE 2360, SL 2260, TARGET 2500.
NSE:HEROMOTOCO buy limit 2305/- looks good investment
Hero MotoCorp is making bullish diversion over smaller timeframe for now. Taking a chance by risking 1% capital over the account because if the diversion plays out it will make 6-8% profits with 1% risk.
- HEROMOTOCORP is facing hard rejection from the upper trendline. - Waiting for this to get breakout for a long buy trade. - Always identify the fakeout and real breakout before taking the trade. Join Our Telegram Group for More Script Charts : t.me
HEROMOTO we can look for invest here
All things are mention on the chart Educational purposes. Non-advisory, discretional
IT HAS BROKEN MAIN LEVEL OF 50% OF FIBONACCI TODAY ON WHICH MANY STOCKS TAKE SUPPORT OR RESISTANCE TWO TARGETS FOR SHORTS ARE GIVEN GOOD LUCK NOTE: ONLY FOR EDUCATION PURPOSE
Below trendline going forward 3 months it will fill the pressure of degrowing demand.
DISCALIMER :- I Am Not a Sebi Registered Analyst..All Posts/Calls Shared Are Just For Educational Purpose Only..Non Advisory,DISCRETIONAL,NO Claims,Rights Resevered..I Am Not Responsible For Your Losses.. Consult Your Financial Advisor Before Taking Any Position
POSSIBLE VIEW ON HEROMOTOCO WARNING : REMEMBER TRADING IS ABOUT PROBABILITY NOT CERTAINTY
Clearly in the chart it shows that price Action and demand doesn't match to Each other.
TREND ANALYSIS Trade Setup Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. RR= 5-8 times Will Update the 2nd Entry if it comes .
TREND ANALYSIS Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. Wait For 2nd Entry as we have missed the 1st entry I will update the 2nd entry when it comes. R:R is good
Hero 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...
Axis 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