Hero motocorp has a Bullish sloping trendline breakout, the chart shows support and resistance marked with horizontal lines. The breakout is supported by RSI trendline breakout plus increase in volumes in last few days. A support was found at 4450.
Immediate targets are 4725, 4944.
Disclosure: i hold the stock bought over last year.
This is charted for my own...
Buy this stock at an average price of 4314-4100 rupees.
Start to accumulate this stock because EV is next gen so,
They have integrated to that .try to buy at those range .
Not an financial advise.try your own analysis.
dea is Simple Invest in stocks which Breakout with Volume.
Rather than targeting 20% to 25% profits for most of your stocks, the profit goal is a more modest 10%, or even just 5%.
Rule 1 : Respect Target & Stoploss.
Rule 2 : Hold the Trade until the Rule 1 is not met.
Rule 3 : SL on Day Close Basis
Rule 4 : On result day trail your SL at 15Min Time Frame
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Price came to support at higher time frame and then breaking the lower high confirms the upward movement of the price. sl entry and targets are given at chart
After years of rallying up, then it turns to a fall forming a double top pattern. When we draw from the high point to the low point using Fibonacci retracement, the 0.5 Fibonacci retracement level taken and continues the fall.
"Note: I will maintain charts in a simple way. Only those with basic knowledge of technical analysis will be able to understand what I am...
Trade Type.
Trendline breakout
With all due stoploss and Target
Target and Profit Loss mentioned in bottom @left
Qty mentioned in Lowline last(Value approx 3 lakh)
Stoploss % mentioned above the High and Low
Which potision is active mentioned on Top
Do you one analysis but If you do this trade it is adviceable to hold up to stoploss and target
- hero motor bearish butterfly pattern has formed.
- but still there is no bearish momentum found
- consider only if the stock fall
It is just a view, please trade at your own risk. I'm not SEBI registered adviser.
cmp 3065
major support at 2950
target 3200 / 3250 / 3300 / 3350
sl 2890
Regards..
Keshav..
15/09/2023
Disclaimer. I am not a SEBI registered advisor. All views shared on this channel and group are my personal opinions shared for educational purposes .. Good Luck 😉
Hero Moto Cmp 4587 dated 1-2-2024
1. Shooting Star Candle @ top
Sell Below 4570 target 4540-4485-4400 SL 4650
It is just a view, please trade at your own risk.
In September, We shared the Technical analyzed chart of HeroMotocorp and there we gave a target of upside move and you can see there, it has already given a huge return in just matter of 3 months and now it started correcting....
Here, we have shared the updated analysis chart for your better decision making ...
