Heromotocorp
HERO MOTOCORP LTDBuying zone 2258 to 2270 Or Buy - wait for Retesting on Trend line
Stop lose - 2210
Target- 3360
Next target nearall time high
Heromotoco 1W TFHEROMOTOCO is currently at a crucial level and ready to start it's upmove. With Good R:R , it is goood to enter at the current price.
CMP :- 2462
Target :- 3630
SL :- 2300
R:R :- 1:7
Also start trailing once it crosses 2600 and if it faces issues in braking 27-2800 level, you can book your profits else keep it running.
Disclaimer :- This is just my view. Please analyse charts yourself and then decide to initiate trades.
HERO MOTOR CORP important levels for long term investmentHERO MOTOR CORP important levels for long term investment
Where will Hero Motocorp head to ?Where will Hero Motocorp head to ?
Reasons/Traits :
• Bullish Bat Harmonic Pattern formation is seen
• RSI/MACD are ready for up move, yet to confirm
• Price is way below 13,50 and 200 EMA
• Recent swing low matched with earlier lower low (important level for support)
What can happen next :
Scenario 1 : Price can move up to complete bullish bat harmonic pattern (2700/2750/2781/2830/2875/2900/2950)
Scenario 2 : Price below 2635 can go down to 2580/ 2530/2475
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Double bottom on weekly chart @HEROMOTONice double bottom formation on #HEROMOTO in the weekly timeframe.
Can enter a long position at current level (2750) with SL below Red line (2636).
HERO MOTOR CORPNSE:HEROMOTOCO is good fundamental company.
on a daily time frame stock is making rounding pattern, and taking very strong support from the 2640 level.
and also making double bottom at the downtrend
one can add this stock for short term target of 2951.
HEROMOTOCORP - Looking good above 2650HEROMOTOCORP - Looking for for an up move above 2650. Could push higher further
Hero moto case studyHERO MOTO SPOT CMP 2675
HARMONIC STUDY
TIME FRAME :- HOURLY
Bullish Bat pattern formation on hourly time frame.
PRZ in range 2670-2640
Reversal confirmation above 2730
pattern violation below 2600 levels
Upside retracement levels of 2780-2815 possible
Triple bullish divergence on RSI where price made lower low 3 time and RSI made higher lows
RSI have given breakout and retest of falling trend line and now on verge to break above previous high levels, indicate bullish price action ahead.
Descending triangle pattern formation , having breakout confirmation above 2690 levels ,, which would lead to measured move of 90 points ,,
Trade type :- Swing
-Time horizon :- 7-10 trading sessions
Good long candidate.
Hero MotoCorp -Falling Wedge Break & RetestTargets:
Target 1: 2860
Target 2: 2950
Target 3: 3060
Target 4: 3200
Target 4: 3400
Buy on DIP after each Targets
Note: This is for educational Pirpose only.
Hero moto case studyHERO MOTO SPOT 2675
HARMONIC + PRICE ACTION + CHART PATTERN + TIME CYCLE + HISTORICAL CYCLIC STUDY
TIME FRAME :- WEEKLY
We have considered historical case study, where counter gave a upmove of around 128% after that there was a retracement of 30% and finally a up-move of 81%
In this historical case we have considered pole and flag pattern formation,, where flag formation is in form of falling contracting wedge.. time of flag formation was around 39 weeks.
In flag formation there was formation of double bottom pattern, with positive divergence on RSI and at same time RSI gave a retest of breakout of falling trend line.
After the retracement was over counter gave a upmove of 81% from the low of retracement zone,, time consideration in pole and final leg of upmove have relation of 1.2 time.
Current case Study :-
There was a first up move leg of 130% after that current retracement zone going on where counter have retraced 28% which is almost equal to historical case study. Now if history have to repeat counter can give up move of 81% from current bottom of this retracement zone.
In this current case study there is pole and flag pattern formation,, where the flag formation is in form of falling contracting wedge, time of flag formation is almost 36 weeks, almost same a historical case study, if it have to be 39 week which means still consolidation of 2 more weeks possible in counter after that breakout from the flag formation can be seen, as time of pole formation is different for both the case so in terms of percentage time it can give breakout any time now.
In flag formation there is formation of double bottom pattern, with positive divergence on RSI and at same time RSI gave a retest of breakout of falling trend line , perfect copy of historical case study.
so now as per this cyclic study if counter gives breakout from pole and falg formation and time cycle maturity it can give upmove of 81% from current levels which will lead counter to around 4800 levels. and approx time for this move would be till november of 2022 as per historical time calculation.
Harmonic Study :-
Butterfly pattern formation on weekly time frame
Pre assumption of Butterfly pattern lead us to following conculsion
Leg C of Butterfly pattern formation is on verge to mature and if the final leg D of the pattern unfold ,
Which as per theory should be 1.27% extention of Leg XA , would lead us to levels of 4800 levels .
So pattern maturity lies around levels of 4800 as per butterfly formation.
Conclusion :- Two case study as per price action , chart pattern formation, time cycle lead us to levels of 4800 levels and harmonic study also lead us to levels of 4800 levels,,
Counter can be considered as good investment candidate from current levels..
for targets of 3600-4200-4800
Trade type : Investment
Time horizon :- 12-15 months
Good investment candidate.
Hero Moto Corp " RSI Bullish Divergence " Spotted - Update (2Hr)Category: RSI Oversold (Higher TF) + Retracement Zone
Key Highlights:
1. Bullish market structure on RSI Bullish Divergence
2. Price taking support from one of the key support levels.
3. A lot of things are going on in the backend of the company in EV Transformation and is set to pickup in some time.
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Abhishek Singh (@Abhishek_TradersSin)
~ Middle-class IT Employee trying to simplify Technical Analysis .
~ Do follow and like if you like the work.
Heromoto - Bullish RSI DivergenceNote: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be a bullish hammer on the previous support. While the price is at the same level from previous support, the RSI is making a higher low.
SL: 2600
HEROMOTOCOOnly for Educational purpose.
This stock is right now in good area where buying could be initiated, but its not confirmed yet, if any type of bullish candle pattern is seen in lower time frame like hourly then it could be an opportunity to go long after checking all parameters are aligned or not for trade, with stop loss of same candle's low, don't jump directly to buy, do your own studies these types of scenarios on regular basis, check how they works check the probabilities of price directions or price actions.
Thanks.
Disclaimer.
I am not a sebi registered analyst
My studies are for educational purpose only
Please consult your financial advisor before trading or investing
I am not responsible for any type of your profit s and losses
Hero Moto Corp " RSI Bullish Divergence " SpottedA good Risk: Reward Trade can be played in the Hero Moto Corp.
Please calculate your Risk Appetite before triggering the trade!
HERO MOTORCORP - BULLISH ABCD AND BAT PATTERNSHero Motorcorp is at an important demand zone. If the price bounces off of this zone, then consider taking a long position.
However, due to bad results if the price manages to slip below the demand zone, then open a short position.
The XABCD Bat pattern is already activated, if the price manages to stay above the demand zone, then we could see target B (2781)
Similarly, the ABCD pattern starts to form if the price closes below B (2636), the loop will close at the D (2506).
Please understand the logic and trade accordingly.
Happy trading :)
This is just for educational purposes.
HERO MOTOCORP - Ready to break Channel & Flag Pattern1. Ready to break Channel & Flag Pattern
2. Buy above 925 on 4 hr closing or Daily Closing
3. Maintain Stop lose at 2900 on 4 hr closing
Heromotocorp May Bounce towards 3100-3175 range in coming daysFrom 2636 (a or i) and (b or ii) is completed at 2954 and 2781 respectively. From 2781 (c or iii) may be started and minimum projection range is coming at 3099-3175 which can be achieved in coming days.
2844 is good support. If breaks 2844 then may consolidate between 2844-2750.
HEROMOTOCORP Head & Shoulder Trade Setup (Long)As you can see in the chart there is a strong resistance of 2930,
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In previous trading days stock made head & shoulder pattern and then gave the breakout now again,
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Stock is making head & shoulder so in this condition there is two probability that can happen in this trade.
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1. Share tested three time 2930 levels, now it can be possible that in the next time stock can give the breakout.
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2. HEROMOTOCORP has made shoulder and then head and and then maybe share again make head and then give BREAKOUT.
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What's your view on this comment below in the box.
