Heromotors have reversed 4 times from the supply zone and have made a fake breakout, If it closes above the zone and gets a retest towards the zone as a confirmation its good to go long for intraday.
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...
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...
Note: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be a bullish hammer on the previous support. While the price is at the same level from previous support, the RSI is making a higher low.
SL: 2600
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.
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...
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
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...
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...
Note: This is for educational purpose only.
There seems to be a head and shoulders pattern with increase in selling volume. RSI below 50 indicates bearish momentum.
HERO MOTO CORP A retracement rally.
Currently in a downtrend, retraced and may continue to drop.
The nearest support is 2860, on the upside resistance is around 3000
...
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Updated on : 27-Oct-2020 12.00pm
Disclaimer: Only for learning purposes.
- Nse Intraday Stock Trends and Stock Market Tips
for...
![HEROMOTOCO: Simple Trade Setup | HEROMOTOCO | 23-05-2022 [INTRADAY]](https://s3.tradingview.com/k/kP2kX3r9_mid.png "Simple Trade Setup | HEROMOTOCO | 23-05-2022 [INTRADAY]")
