Get started

Heromotocorp

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).
NSE:HEROMOTOCOShort
by SwingGun
2
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.
NSE:HEROMOTOCOShort
by SwingGun
7
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.
NSE:HEROMOTOCOLong
by ShelendrAgrawal
Hero, monthly sales, simplifiedIntraday selling at nifty open, tomorrow. For long term picture, refer to older post. Monthly results are out . Similar to Bajaj Auto, entire two-wheeler segment is hurt. Hero is no different. Semiconductor supply issues in two-wheeler segment. Sourcing semiconductors during shortage will reduce margins as well. We see decline in exports in Hero (as well as Bajaj), but more importantly—Hero motor sales numbers are still well below pre-covid years. When sales are dull, exports are next to nonexistent , and economy is not in good shape, buying would be silly. Generally, my strategy for taking bearish position is selling calls and eating premium, but you can short as well, since we know the sales data. For selling call tomorrow, sell CE at 2800 mark or at 2700 mark in Hero motor. In a way, we know 66% (two thirds) of hero motor's next-quarter result and it's not very exciting. 13.9 percent MoM growth, with further decline in exports. Sales are far from pre-covid levels. Growth outlook is not great. {Note: Bajaj has slightly more reasonable P/E ratio compared to Hero, but I had a bearish position on Bajaj Auto as well; booked that position after result, yesterday.}
NSE:HEROMOTOCOShort
by SwingGun
4
Hero motor: Upside vs DownsideHero motors seen in monthly time frame shows head-and-shoulders pattern with head on top Keeping all viewpoints in mind, Hero motor has upside till 3000/- (given optimistic picture of the economy), which is 200 rupees from here—and downside till 2000/- which is 800 rupees from here, given reducing margins and decline in quarterly sales (24% decline, as seen over last quarter). Risk to reward ratio is 200:800 rupees (1:4) Morgan Stanley and Goldman Sachs are underweight on Hero motor, with similar targets. The 110cc bike sector is under more stress than premium-end automobiles, since inflation hits the common man more.
NSE:HEROMOTOCOShort
by SwingGun
2
Simple Trade Setup | HEROMOTOCO | 23-05-2022 [INTRADAY]NSE:HEROMOTOCO Observations: 1) On 1day time frame, we can see it is near critical breakout level of 2600. If it trades above it then we can aim for the resistance trendline as our target for positional buy trade and if it rejects from here then we can plan as per sell trade but not positional. Please refer below chart : 1day time frame. 2) On 15min Time Frame, we can see a rounding bottom pattern. Please refer below chart : 15min time frame. Also on same time frame we can see a support channel. Please refer below chart : 15min time frame. ------------------------------------- Trade Setup for 23-05-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:HEROMOTOCO
by Trading_hawk
hero moto19/4 educational purpose only sell at around 2300 / 2315 (20ma/hourly is at 2312.45) sl above 2350 (50ma/hourly is at 2336) targets around 2150 and lower if this support is broken (the pattern is a bearish ascending triangle with support zone between 2151 & 2154.80 so we may witness a big fall if this zone is breached on the downside) *trend on daily chart is clearly a bearish lower high and lower low pattern *trend on hourly chart is clearly a bearish lower high and lower low pattern
NSE:HEROMOTOCO1!Short
by virralthakkaar
HEROMOTOCONote: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Trading
NSE:HEROMOTOCOLong
by SENSITRADE_T