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Heromotocosell

Where will Hero Motocorp head?Hero Motocorp is trading around the levels from where in can give either side move. The stock has retest the 61.8% fibonacci levels and after takin support from the level it retested and reversed from 50% level of the recent down swing. So the stock right now is trading around 3000 levels and has formed a gravestone doji after a big 7% bearish move last week. Though the stock is showing some bullish moving averages cross over and is coming to retest the moving average. After the tie up for supplying Harley Davidson bike the stock shooted up. The stock tried to consolidate around the recent high but couldn't hold the path and has given a fall from there. The stock on the daily time frame, is trading around the 20 ema and has consolidated near the higher levels of recent swing. Intraday, swing and positional all opportunities are there in this stock as the stock has closed near a support zone and has consolidated in a range for 4 days. If the stock breaches the swing low, a bearish trade can be initiated and continued with a trailing stop loss. The stock can give 1-2% move on the intraday levels and much more in positional trades. Entry 1 :- Below 2980 Target :- 2930, 2860(with trailing SL) Stoploss :- 2995 Entry 2 :- Above 3080 Target :- 3185 Stop loss :- Can be a close below 20/200 ema on hourly charts. The stock is somewhat on the lower range and there are much more chance of a bearish move. If the stock opening gap up avoid trading the stock for intraday as it can trade in a range. Trade only once the stock start trading outside the box. Wait for the price action near the levels before entering the trade.
NSE:HEROMOTOCO
by Mambotrade
Break down in HeroMoto.Hero Moto corp has given a break down of a triangular consolidation and also closed below its 20 DMA, Though, its taking support from its weekly 200 ema. Tomorrow, if the stock on an hourly time frame closes below 2774 levels, a short traded can be initaited. Targets :- 2735, 2692 Stop loss :- 2775 The markets are retracing and the stock if closes below 2730 tomorrow, it will break its weekly 20 ema and a swing trade for the month of October can give nice targets. Wait for the price action near the levels and on closes to closes basis the stock will give nice targets.
NSE:HEROMOTOCOShort
by Mambotrade
2
Hero Motocorp trading near moving averagesHero Motocorp on a weekly time frame is taking support from its 20 ema. The stock had closed between the two moving averages. For last 3 trading session the stock is trading in a narrow range and the moving averages on daily time frame has coincided. The levels for the stocks are marked on the chart itself. On smaller time frame, the price range is narrowing down and the stock can give a nice move on the either side. support :- 2555, 2525 Resistance :- 2614, 2645 Wait for the stock to break and close outside the box on a daily time frame. The trade can be a swing or intraday trade.
NSE:HEROMOTOCO
by Mambotrade
1
Simple Trade Setup | HEROMOTOCO | 23-05-2022 [INTRADAY]NSE:HEROMOTOCO Observations: 1) On 1day time frame, we can see it is near critical breakout level of 2600. If it trades above it then we can aim for the resistance trendline as our target for positional buy trade and if it rejects from here then we can plan as per sell trade but not positional. Please refer below chart : 1day time frame. 2) On 15min Time Frame, we can see a rounding bottom pattern. Please refer below chart : 15min time frame. Also on same time frame we can see a support channel. Please refer below chart : 15min time frame. ------------------------------------- Trade Setup for 23-05-2022 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 exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:HEROMOTOCO
by Trading_hawk
HERO MOTORCORP - BULLISH ABCD AND BAT PATTERNSHero Motorcorp is at an important demand zone. If the price bounces off of this zone, then consider taking a long position. However, due to bad results if the price manages to slip below the demand zone, then open a short position. The XABCD Bat pattern is already activated, if the price manages to stay above the demand zone, then we could see target B (2781) Similarly, the ABCD pattern starts to form if the price closes below B (2636), the loop will close at the D (2506). Please understand the logic and trade accordingly. Happy trading :) This is just for educational purposes.
NSE:HEROMOTOCO
by Sanjan91
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
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
HEROMOTOCO SHORTI hope you can now see how Heromotoco represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Thank You Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
NSE:HEROMOTOCOShort
by EntryandExit