Hero moto corp is showing a bearish pattern in 45 minute time frame with a monthly breakout.
HEROMOTOCO currently trading at crucial support of 2740, can initiate long only on bounce at 2885 with stop loss of 2740. Can see upside rally till 3090 and 3180 and 3390
NSE:HEROMOTOCO Weak on Chart. on Support. if breaks support then can take SHORT position below 2740 with SL above 2800 target 2650-2600 If breaks above trend line then chances of reversal. then can take LONG position above 2860 with SL below 2800 ** EDUCATIONAL PURPOSE
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...
HEROMOTOCO is about to bigger. But the direction is unknown. Because it moved up but it formed a DOJI and with low volumes and also no strength from buyers. Just keep an Eye on it for short term
Hero spot cmp 2820 Time frame :- daily Study :-chart pattern, harmonic Symmetrical triangle breakout and bullish bat pattern formation with bullish crossover in MACD. breakout on rsi Good bullish formation Can give 10 to15% upmove from current levels...
All Signal are towards a downtrend as its below its 50 Day MA, But i would suggest only Risk takers to buy at current levels of 2763 or below, we can expect a reversal as per the trend lines 2743 - Strong Support Always keep a Stop loss The above is only for Short term Target : 2850-2900
enter in stock for the target of 2880 stock having strong base from here
Heromotocorp Breakout from triangular pattern and moving doun wards
CMP- 2828 SL-2700 - 2730 (on closing basis) Target - 3200, 3500 30/7/21 - Market structure negative making LH - LL - Key level of support around 2700-2800 -Trading below all EMA's - Fib retracement 0.38 zone - Can se potential W pattern if price holds 2700 levels - Price is near area of value - Making a double bottom like pattern in the week Keep strict SL to...
Bearish, Head And Shoulder Pattern formation
NSE: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...
Reversal from Previous support
HEROMOTOCO WAS TRADING IN DOWNTREND FROM FEB21 TO JULY21 AND IF IT BREAKS DOWN TRENDLINE ABOVE THEN WE CAN SEE GOOD UP MOVE\ PLEASE RESPECT SL AS IF IT BREACK DOWN IT WILL FALL WITH SPEED FUNDAMENTAL LOOKS GOOD AND AS SIMPLE TECH. ANALYSIS AM TAKING LONG POSITION AM ENTERING WITH 5 QTY TGT - 3400 AVG BUY - 2844 SL - 2735 LETS SEE HOW IT GOES, LET ME KNOW IN...
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Sell @2897, SL-2905,TGT-2880 Buy @2910, SL-2903,TGT-2926