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Heromotocorp

#heromotorcorp potential short if H&S pattern breaks support#heromotorcorp weekly seems to have a head and shoulder pattern watch out for neckline of same and whether if major support band currently it is reaching whether if it gets broken and if so could be shorting opportunity if a breakdown red candle confirmed closes below it. remember there is also a support available below near 2250 and only if it break do we have prolonged bearishness. daily and weekly lost momentum to dip into bearish region.
NSE:HEROMOTOCOShort
by seekedgetrade
We may see a Head and Shoulders reversal in Hero Motocorp Ltd Hero Motor Corp Ltd showing bearish signs as following: 1. Head and shoulders completed on weekly and daily timeframe. 2. Price closing below 50 and 100 day EMA for 5 consecutive weeks. 3. Price opened below neckline today (20/08/2021). 4. Bearish divergence on RSI throughout the uptrend. Bullish divergence at beginning of downtrend. (divergence occurs when RSI contrasts with price moments, suggesting trend reversal) 5. A mini head and shoulder reversal has already occured in the current "Head" of the pattern. Similar pattern is repeating itself. 6. Given above observations, price is likely falling to 2056-1935 levels.This was a previous order block. In conclusion, Hero Motocorp Ltd is a fundamentally strong company. However a better time of entry would be around 2056-1935 levels. Or around 2431, if price only makes a 50% retracement from previous uninterrupted uptrend.
NSE:HEROMOTOCO
by quietlife
Simple Trade Setup | HEROMOTOCO | 18-08-2021NSE:HEROMOTOCO Observations: 1) On Daily Time Frame, It breakdown 400 DMA 1st time on 29 July and from the next day stock reverses. Yesterday, it closed below 400DMA but today it reverse with powerful candle and closed above 400DMA with good power and volume. Please refer Chart below: Daily time frame. Whenever Stock is at 400DMA it has higher probability to bounce back. ------------------------------------- Trade Setup for Date 18-08-2021: 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 target w.r.t price action working near that level tomorrow. Hope I made it easy to understand it. My personal view is bullish on it. Do comment your doubt or suggestion.
NSE:HEROMOTOCO
by Trading_hawk
4
Hero MotoCorp will shine or not ?The level of 2750 becomes the consistent supply and demand zone when breaking down its historical path over six months. The trajectory of Hero MotoCorp was on either side and circulating the 2750-point somewhat as a magnetic pole or as a centre pivot line. From August 2020, 2750 becomes the sturdiest support which ensures consistently help to prevent Hero MotoCorp from a deep dive from the zone (2800 to 2750). Meanwhile, Hero MotoCorp found its rage roughly between 2750 to 3200. Hero MotoCorp is below 0.236 on the Fibonacci Retracement nonetheless, the stock retracement was noticeable. MACD crossover below the histogram in day candle where the stock sustained at 2800 point. Note* This is not a recommendation to buy or sell.
NSE:HEROMOTOCOLong
by SrinathJagan
SIMPLE INTRADAY SETUP FOR SAFE TRADE | HEROMOTOR | 30-07-2021NSE:HEROMOTOCO It is on critical range 2040-2050. I have given levels and target for safe trade. Otherwise you can use either of these levels to take trade on either side considering how price action is working in particular day near those levels. Do comment if you have any doubt/suggestion. I have mentioned 10 points targets only to keep the trade safe and simple. You can keep on booking partial profit at those level and book remaining at the next level if it reach there.
NSE:HEROMOTOCO
by Trading_hawk
6