HERO MOTOCORP INVERSE HEAD AND SHOULDER Once it crosses above the neckline and closes above on weekly candle, the target becomes 3390. stop loss should be put below the neckline ( according to individuals risk appetite)
Heromotocorp
Heromoto corp short tradeHeromoto corp rejection from the upper trend line.
RSI divergence on daily tf.
Above avg volume on the break down candle
BULLISH on HEROMOTOCO (Positional)NSE:HEROMOTOCO
HEROMOTOCO looks Bullish to me. The price is trading above the moving averages which indicates bullishness. The price had given a breakout from the trendline, and after that it consolidated and again gave breakout from a flag pattern. The MACD indicator has also given bullish signal. The RSI indicator is above 50 levels which indicates good momentum. I think its a good long for positional. The SL and Target is given in Chart.
Disclaimer : This my view and analysis. It is for educational purposes. It is not a recommendation, call or a tip.
Break down in HeroMoto.Hero Moto corp has given a break down of a triangular consolidation and also closed below its 20 DMA,
Though, its taking support from its weekly 200 ema.
Tomorrow, if the stock on an hourly time frame closes below 2774 levels, a short traded can be initaited.
Targets :- 2735, 2692
Stop loss :- 2775
The markets are retracing and the stock if closes below 2730 tomorrow, it will break its weekly 20 ema and a swing trade for the month of October can give nice targets.
Wait for the price action near the levels and on closes to closes basis the stock will give nice targets.
HEROMOTOCO - CONSOLIDATION BREAKOUT 📊 Script: HEROMOTOCO (HERO MOTOCORP LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY AUTO
📊 Sector: Automobile and Auto Components
📊 Industry: Automobiles
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover.
📈 It is giving breakout of consolidation zone.
📈 Right now RSI is around 63.
⏱️ C.M.P 📑💰- 2913
🟢 Target 🎯🏆 - 3186
⚠️ Stoploss ☠️🚫 - 2812
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Hero motors stage analysis for swing trade 15 min> forming continuation pattern
> you may call it triangle pattern.
> breakout above 2448 would lead a new rally.
> stop loss 2808
> 1st target 1:2 and 2nd is trailing stop loss which is HL
> 1-4 days trade
> use proper risk & money management.
> only for education not a trading tip. i may or may not trade this setup.
> trade at your own risk.
HEROMOTOCO - SWING TRADE ANALYSISNSE:HEROMOTOCO
The auto sector have been outperforming in such a bearish market.
Most of the auto stocks have broken out of different resistance
one of them is heromotoco it has raised well and now consolidating near
previous swing high and forming a continuation pattern if it crosses 2810 then
A new 2nd bull leg is expected.
all levels has been mentioned on chart
DM me for more detail
happy trading!
YR 2022 Idea #75: Long on HEROMOTOCOThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
Heromoto is near breakoutHeromoto can inch higher based on price action it is trading near breakout zone.
HERO MOTOCORP 100 EMA BREAKOUT Hero motors giving a breakout above falling trendline resistance and trading as well above on it's 100 days moving..
cause of long
1- 100 days moving average above trading currently
2- falling resistance trendline breakout
HEROMOTOCO Weekly Gann support & Resistance Levelsthese are the HEROMOTOCO important S/R levels for coming week where price can take sup or face resistance
price with # mark is more important among the levels
HERO MOTOR CORP LTD_HL TREND BREAKOUT?Hero Motor Corp Ltd, past 12months down trend rally may come to the end. If weekly closing above the resistance at 12732, We confirmed the breakout in this week. Concentrate for the breakout. If price sustain above 2782 in weekly chart & begins new rally towards upward. Refer upcoming target 1&2.
Hero news simplifiedHero launched some models in Turkey, and appreciated 8 percent in stock spot price.
However, hero motor export figures are next to nothing. Just about 20000 units.
Move is disproportionate, sell CE (call option) of 2700s toward 2585(200DMA level), and then 2500.
Hero has tried to find solace at 200 DMA, in recent times.
Hero stock price is expensive, given this market. Not to mention prices of several other auto nifty movers as well.
In other news, Hero is going to raise it's two-wheeler prices by (upto) 3,000/- next month.
Increasing product price gives hero less of a price edge over other competitors. Keep in mind Hero sale figures are still lower than pre-covid levels (66% sale figures, or two-months-out-of-three in this quarter are out already—and sales are below pre-covid levels).
Demand is down.
Hero can rest at 2500, 2350 could be considered a buy price.
Hero Moto Corp - Ready for BreakoutHero Moto Corp is nearing a long term resistance near 2800 level. The stock is forming Cup and Handle pattern on a daily chart. The stock is trading with strong momentum due to sectoral momentum and is outperforming benchmark index. The stock if broke out of this level can see some upside till 2950 levels.
Misleading news regarding increased LIC holding of Hero motorIn total, LIC holds about 11 percent equity in Hero motor, that is correct (up from the earlier 9% approx.)
However, this holding increase took place over a period of one-and-a-half years (Jan 2021, to June 2022), and not right now as news reports seem to suggest.
This (actual) time frame of 1.5 years over which LIC increased their hero holding is courtesy of Moneycontrol, which is reliable reporting
Bearish outlook for Hero motor, target by Goldman Sachs is 2080 .
Yes, Goldman Sachs' target is not infallible, but be wary of misleading reporting regarding equity, including—but not limited to, Hero motor.
Expect intraday selling tomorrow—2500 seems like a place Hero could rest, tomorrow.
Intraday sell to 2400Hero is an intraday sell to 2400, given further fall in global indices/nifty below 16000.
Hero Motocorp trading near moving averagesHero Motocorp on a weekly time frame is taking support from its 20 ema.
The stock had closed between the two moving averages.
For last 3 trading session the stock is trading in a narrow range and the moving averages on daily time frame has coincided.
The levels for the stocks are marked on the chart itself.
On smaller time frame, the price range is narrowing down and the stock can give a nice move on the either side.
support :- 2555, 2525
Resistance :- 2614, 2645
Wait for the stock to break and close outside the box on a daily time frame.
The trade can be a swing or intraday trade.
Hero motor—Goldman Sachs stance (GS) Goldman Sachs (GS) is underweight on Hero motor, with a target price of 2080 rupees.
Given this global selling environment, intraday target (Monday) for Hero motor is 2500, and heading toward 2400.
Hero might very well open at 2500 (which is a nice round number)—in which case, wait till it goes to 2600 spot price, before taking bearish position (if you want to be prudent with your trades).
Assuming that Hero will settle at 2500 (or 2400) until further sales reports. If you wish to buy in cash market—in the long term, wait till 2300 spot price—or 2100 spot price (if you can wait patiently).
This is a very reasonable stance, and not one sided.
Semiconductor-supply issues will hurt production and sales, and Hero motor is yet to enter EV segment (hence, hero motor will lose market share over next few quarters).
Hero moto — large trendHero motor is forming dark cloud cover in the short term (intraday) and has lot of downside in the weekly time frame.
Hero at CMP of 2650 has a lot of downside, given the steel excise-duty (news driven) rally after it's poor quarterly results.
Both their topline and bottom line were hit.
People are not buying hero motor bike; 24% decline in sales.
Net profits (bottom line) was hit by 30%.
Bearish outlook at the current market price, until next results. Results this poor have shown to plummet giants like Target and Amazon by unforeseen amounts.
While steel prices will give them more margin to work with; until sales improve in the next quarter, hero motor price action will explore 2300 levels. Not bullish on this stock until 2300 spot price.
Safe strategy: Sell up to two calls (CE) at spot price 2750 / 2700 / 2650 today, and hold for the rest of the month and eat premium.
HeroMoto Corp Chart Analysis !!📈 Hero Moto 📉
My Findings :-
1. Breakout from a swing high and Resistance Zone.
2. Close above March high.
3. Higher High and Higher Low formation.
4. Auto Sector is in Uptrend.
Bias- Long
Target- 2646, 2792, 2933 and 3057
SL- 2242
RR- 1: 2
All Important Supports and Resistances are drawn in chart.
All levels are of Spot and on closing basis.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
