Heromotocorp
Double Bottom Heromoto Future - 15 minHero moto is taking a good support at 2870-2880 levels & we can see a double bottom formation.
From here its looking Bullish as we can see now it is going to crossover 200 EMA as well.
I think 3050-3100 levels can be seen easily in July expiry. Volume profiles suggest a good buying levels from here.
How to make big profits in HEROMOTOCO✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺ I post Good and potential trading ideas on daily basis on this page of mine :)
✺✺ Target: 1000 Followers ✺✺
Chart Reading: So as you can see its taking heavy support from below and there is a good trendline above, conviction can be generated for a possible swing trade when it breaks the above trendline and closes on the D chart, Risk and Trade setup should be yours after you have gone through my analysis, taking a trade on these levels would be good as it is a Low risk and High reward, High probability trade :)
✺--------------------------- Motivational and psychological area ✺
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good peoples, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
✺------------------------------------ Some info-------------------------- ✺
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<< Thank You Have a Nice Trading Day >>>>>>
Hero Moto - Potential Bullish ScenarioKey Highlights:
1. Bullish market structure
2. Trendline breakout
3. Price moving in a channel
4. Major resistance: 3000
5. Support zone: 2464-2814
6. Target: 3077, 3224, 3382, 3583
7. Stop loss: 2840
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Weekly Wrap #Reliance #HDFCBank #Heromoto 28th June 21First step of a successful trader is to build a Trade plan & review what he has done.
This is my Trade Journal . (education purpose for all )
Trade plan
Reliance : Trend is down- Buy on dip ( see video for details )
Hdfc Bank : Trend is up -- Buy on dip ( see video for details )
Heromotocorp : Trend is down-- Buy on dip ( see video for details )
Jai Hind.
Disclaimer :
This video is only for educational purposes. Please consult your financial advisor before you take any trades.
HEROMOTOCO: A Bearish Trend"
TECHNICAL ANALYSIS OF NSE:HEROMOTOCO
The LAST CLOSE PRICE of NSE:HEROMOTOCO is 2939.2 . The PARABOLIC SAR is showing the DOWNWARD SIGNAL with TREND as DOWN TREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.236 at the FIBONACCI STOCK PRICE LEVEL of 2939.2. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 2971 with RESISTANCE 1 and RESISTANCE 2 at 2851.55 and 2773.1 respectively. The Key 50% FIBONACCI LEVEL stands at 2971 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.
The STOC RSI has the values K and D as 24.95 and 18.29 respectively. At this level it the status is WITHIN OVER BOUGHT AND OVER SOLD RANGE. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at -7.29 and 30.41 at 3.3 along with HISTOGRAM showing values of -10.61, the STATUS is clearly DOWNWARDS.
The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at -1.04 and -1.18 with DOWNTREND as DOWNTREND. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.6336 the STATUS is WITHIN OVER BOUGHT AND OVER SOLD RANGE.
No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 20.13 which signifies its Price Level to be OK.
>>> RECOMMENDATION is : SELL ."
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Heromoto In Cup and Handle Chart PatternKEY TAKEAWAYS
A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.
A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long.
Technical traders using this indicator should place a stop buy order slightly above the upper trendline of the handle part of the pattern.
For Educational Purpose Only
#WeeklyWrap #Reliance #HdfcBank #heromotocorp 14th June 21First step of a successful trader is to build a Trade plan & review what he has done.
This is my Trade Journal . (education purpose for all )
Trade plan
Reliance : Trend is Up- Buy on dip ( see video for details )
Hdfc Bank : Trend is down -- Buy on dip ( see video for details )
Heromotocorp : Trend is down -- Buy on dip ( see video for details )
Jai Hind.
Disclaimer :
This video is only for educational purposes. Please consult your financial advisor before you take any trades.