Heromotocorp
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.
HEROMOTOCORP All Set To Take Off TARGETS 3300+--> Market Analysis: Bulish
--> Sector Analysis : Neutral To Bullish
--> Stock Analysis : On The Chart
Heromotocorp Is Forming A Good Inverted Head And Shoulder Pattern And Has Retested It Multiple Times With A Retest From The 0.382 Fibonacci Ratio
Once It Crosses 200 Ema It Will Be Bullish For The Targets Of 3300+
Keep Stoploss If It Breaks 0.618 Fibonacci Ratio
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Stock Analysis of Hero MotoCorpPrice - 2847.20 Dt. - 22.09.2021
The stock was underperforming for the last few months and the stock is ready to resume the uptrend. Golden crossover is possible on the daily charts as well as weekly charts. RSI is above 50 and the auto sector has started showing the trend. Hero MotoCorp looks good for the short term.
According to the company, they have more inventories than their peers and as Diwali is near the corner, it will help them to sell more 2W than competitors.
If stock is above 2860 with good volume then it will be a buy signal.
HEROMOTOCORP - Channel BreakOut - BullishThe stock was on a downtrend, moving in a parallel channel. It gave a breakout of the channel, suggesting a reversal trend.
Trade can be taken if the stock sustains over 2800, which is a resistance zone, for targets of 2900 and 3085.
Stop Loss can be maintained at 2740.
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Watch Hero Moto on Sep 7th at 12 PMHello Everyone
Hero Moto has recently taken support from a long term trend line and 200 Simple Moving Average.
The Targets are drawn with a Flag for both Long and Short.
With Increasing volumes the stock is expected to move up but in case if it goes down then the levels are drawn.
There is a Trend Line crossover of ST Trend line to the Long Term Trend line and the time is 12 AM on 7 Sep.
Use this time to your advantage and enter the trade according to the price action at that time.