This is all you want to know about Hero MotoCorp Futures trading levels marked.... Like..... Share.... Follow.....
keep an eye on HERO MOTORS This is for educational purpose only
forming a bullish divergence and broke the trendline .
Hero moto corp is breaking out of the channel pattern. Looks good for positional traders with SL at 2700.
Hero - Cmp 2782.60 Looks good at cmp for long position with 2710 stop loss on closing basis for initial target of 2980-3030. Reason: 1. Bullish divergence 2. Near support area 3. Favorable risk reward ratio.
HEROMOTOCO Will Take Support From 2525-60. I Will Be Ready To Buy At These Levels. Will Keep A Distance As Of Now. If Any Lower High Is Taken Out, Will Be Alert For Us. Till Then Find Shorting Opportunity Based On Price Action.
Hero Motocorp formed a head and shoulder pattern on the daily chart. if the price gives a breakdown of the neckline then we may see a good downside move from here. From investing point of view, the price has already corrected more than 30% from the march high that make this level a good point to add stock to the portfolio.
Prices also break the neckline. What you guys think?
Levels are in description itself. disclaimer: this post is for educational purpose only
#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...
HEROMOTOCORP has made a H&S pattern on a weekly timeframe Target and stoploss are already marked there in charts execute trade only if sustain a weekly candle below neckline SWING IDEA I m not a financial advisor take ur trade accordingly
Negative trajectory in hero moto corp, and can continue to go down provided the bearish sentiment in the auto sector as a whole.
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...
NSE:HEROMOTOCO Trade setup remains same as per previous trade setup. Please refer link below to see previous trade setup. Do comment your doubt or suggestion.
Hero looks very attractive at these levels. Fundamentally sound company giving us a good price action to go long on this stock. This a set up I will prefer. Why? Because even if this goes wrong I won't feel bad. A very small SL of 63 points (2700 or 2713). Another indicator confirmation - Bullish divergence on a Daily timeframe. This is a weekly chart.
Buy @2792, SL-2982, TGT-2814 Sell @2776, SL-2786, TGT-2753
NSE: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...
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