Heromotoco is giving a long breakout, above 3198 it can go to 3229/3260 if do not break 3170 on downside.
HOPE DEMONETITION NOT IMPACT ON HERO AND MARUTI ACCUMULATION RANGE 2975-3025 FOR UPSIDE 3200-3250
Heromotoco giving long breakout above 2972 level, above that it can go to 3012/3060/3135 if do not break 2935 on downside.
GO LONG ON HEROMOTOCORP.....D POINT FORMED AT 3365.....TARGET 1 -3445....TARGET 2-3473
Hero Motocorp after its long term uptrend journey broke at 3700.00, it seems to have turned bearish and trading touching down trend line resistance also retraced up to two fibo extensions now approaching to crucial 50% extension of fibo where we can see some change in this stock, trader may go short on this stock after a slight upward movement around 3370.00 and...
very easy to identify.. as you can see we saw the breakout to the head & shoulder pattern today go short until the last swing low.
Looks like Hero MotoCorp is undergoing an A-B-C correction, Where Corrective A and B is over and now 3rd wave of C is underprogress
It is been observed that the price action forming a bullish ABCD pattern, indicating further move up. It has retraced to 23.6% levels and now it shall further move up to 38.2% levels. Target: 3482 Stoploss: 3375
HEROMOTO Looking small up till 3520 maximum according to my chart so sell heromoto at opening sl at 3520 and target 3400-3350-3300 (sell near 3460-500)
Hero broke below the upward moving channel and can move down to test lower levels. Go Short for a target of 4.5%
Heromoto is testing the resistance at 38.2% retracement levels. Also it has broken the upward channel Go short at the current levels for a target of 3395 which was the recent low. Target = 3395 SL = 3526
Breakdown should happens in close below the trend line with Volumes. Positional Target of 3100
Hero moto gives clear breakout from its descending trend line while it also gives RSI divergence. Go LONG
Demand Zone of 3360 - 3378 on 30-min chart Trade Plan; Entry : 3378 StopLoss : 3352 Potential Target : 3450, 3530