Hero Motocop Rounding Bottom Rounding Bottom Breakout, Wait For Retest Then Entry.. Good Opportunity For Swing Trading...
Note: I Am Not A Sebi Registered Advisor Plz Trade Or Invest On You're Own Risk...
HEROMOTOCO trade ideas
YR 2022 Idea #75: Long on HEROMOTOCOThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
Heromoto is near breakoutHeromoto can inch higher based on price action it is trading near breakout zone.
[Diary] Hero Motor Price Action OverviewIf long triggers I will skip.
If short triggers I will trade.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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HERO MOTOCORP 100 EMA BREAKOUT Hero motors giving a breakout above falling trendline resistance and trading as well above on it's 100 days moving..
cause of long
1- 100 days moving average above trading currently
2- falling resistance trendline breakout
HEROMOTOCO Weekly Gann support & Resistance Levelsthese are the HEROMOTOCO important S/R levels for coming week where price can take sup or face resistance
price with # mark is more important among the levels
HERO MOTOR CORP LTD_HL TREND BREAKOUT?Hero Motor Corp Ltd, past 12months down trend rally may come to the end. If weekly closing above the resistance at 12732, We confirmed the breakout in this week. Concentrate for the breakout. If price sustain above 2782 in weekly chart & begins new rally towards upward. Refer upcoming target 1&2.
Hero news simplifiedHero launched some models in Turkey, and appreciated 8 percent in stock spot price.
However, hero motor export figures are next to nothing. Just about 20000 units.
Move is disproportionate, sell CE (call option) of 2700s toward 2585(200DMA level), and then 2500.
Hero has tried to find solace at 200 DMA, in recent times.
Hero stock price is expensive, given this market. Not to mention prices of several other auto nifty movers as well.
In other news, Hero is going to raise it's two-wheeler prices by (upto) 3,000/- next month.
Increasing product price gives hero less of a price edge over other competitors. Keep in mind Hero sale figures are still lower than pre-covid levels (66% sale figures, or two-months-out-of-three in this quarter are out already—and sales are below pre-covid levels).
Demand is down.
Hero can rest at 2500, 2350 could be considered a buy price.
Hero Moto Corp Bullish MomentumHero moto corp looking good in weekly
Breakout happened from secondary trend
concentrate if price sustain above 2761 in daily
#Heromotoco cash : Looks good around 2500-2525#Heromotoco cash - for 3-4 days
22.06.2022
Looks good around 2500-2525
Stoploss 2470
Target 2590-2620/2700
cmp 2542
Hero Moto Corp - Ready for BreakoutHero Moto Corp is nearing a long term resistance near 2800 level. The stock is forming Cup and Handle pattern on a daily chart. The stock is trading with strong momentum due to sectoral momentum and is outperforming benchmark index. The stock if broke out of this level can see some upside till 2950 levels.
HEROMOTOCO Weekly Gann Important supp & Resi Levels according to Gann Price Square Heromotoco this weeks Support and resistance Levels where heromotoco can take support and face resistance
#Heromotocorp - zooming downNSE:HEROMOTOCO - seems a good short sell here for targets of 2350 and 2300 with SL @ 2620.
Misleading news regarding increased LIC holding of Hero motorIn total, LIC holds about 11 percent equity in Hero motor, that is correct (up from the earlier 9% approx.)
However, this holding increase took place over a period of one-and-a-half years (Jan 2021, to June 2022), and not right now as news reports seem to suggest.
This (actual) time frame of 1.5 years over which LIC increased their hero holding is courtesy of Moneycontrol, which is reliable reporting
Bearish outlook for Hero motor, target by Goldman Sachs is 2080 .
Yes, Goldman Sachs' target is not infallible, but be wary of misleading reporting regarding equity, including—but not limited to, Hero motor.
Expect intraday selling tomorrow—2500 seems like a place Hero could rest, tomorrow.
Intraday sell to 2400Hero is an intraday sell to 2400, given further fall in global indices/nifty below 16000.
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.
