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Heromotocorp

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
Heromotoco breakout + consolidationHeromotoco has been falling like a meteor in the past months and now looks to have made a bottom It has retraced 50% on the weekly timeframe. RSI is bullish but for now oversold so we might see some consolidation MACD is above the signal line. Bounced back of 50% fib level. Sitting on 200 MA cluster. Buy above - 2841 Targets mentioned in the chart above Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding. Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
NSE:HEROMOTOCOLong
by this_is_shoaib