Hello Dear, Traders & Investors. I hope you all are doing good in trading and in your life as well. Well i have brought once again an analysis on a stock with all my knowledge and power.
Today Auto Sector was in limelight whole day, Nifty Auto gain intraday 1.46% today and made all time high at 15304.20 levels. Overall Auto Sector has done well in last one year....
Bullish flag in Hero MotoCorp - pole is good and strong
Flag is narrow and like good base too.
Present price is good for call option. And pullback within flag base gives you much better price
Heromoto ABOVE 20 DEMA and crossing all other important EMA's
In near term, we can see 3090 to 3500 levels,
A good buy, at cmp
keep sl as 2840 on day close basis
Hero motors stock has formed a cup and handle pattern from past 4 years.
A breakout of this pattern will unlock new highs for the stock.
From investment POV, stock offers attractive dividend yield of more than 3% at CMP.
Some ratios from fundamental analysis are:
D/E is almost 0
ROCE>20%
ROE>15%
PE is 20 at CMP
For trading purposes, stock is risky considering...
The chart of HERO MOTOCORP LTD tells an inspiring story of patience and reward that unfolded over the past 7 months.
Key Highlights :
Rangebound Movement (July - November) : The stock was trapped in a narrow range, as shown by the purple rectangle. Investors and traders had to endure a challenging period where the asset moved sideways without much progress.
...
Good fundamental pick for long term buyers.
price target is 3860.
for long term buy only more than a year.
i have also given support and resistance
potential uptrend of this stock is 20%.
#Heromotoco cash -Positional for 1 year
28.Dec 2023
Flag pattern breakout seen with Good Volumes
Buy all dips at 4070 to 4110
Stoploss 4000
Tgt 4450-4500 /5000/6000
Cmp 4115
Hero moto creating monthly resistance . Sell below red line marked after 11. 45 a/m.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Bullish Flag is observed in hero motocorp at 1 hour timeframe. If nifty supports the upmove. This might be a good trade of very low risk and high reward. I will book half of my profit at 1:2 then trail the rest
Hero moto showing monthly resistance and as per max pain also it is bearish. Watch the level of 3711.5, it is a definite sell below it. Additional feature to watch is that it should trade below 2.08 p.m. candle of last session and 1:03 p.m. candle tomorrow.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any...
Hit the peak and now its making its descend. Waiting for it to hit the fibb. retracement but until then reap the rewards of the short. And you are grabbing the stock by the knife so be careful
