HEROMOTOCO FIB + DOUBLEDOWN SupportOne can enter in the stock @ current level, keeping a SL of 2730 on closing basis or wait for it to cross 3090 for Target of 3600 & 4100++. Keep this in Radar
HEROMOTOCO trade ideas
HEROMoto BreakoutHero moto corp is breaking out of the channel pattern. Looks good for positional traders with SL at 2700.
HEROMOTOCOP LOOKS GOOD buy 2780-2790 target 2830 sl 2750.. stock looks good and i can see the clearly upmove
Hero MotoCorp Ltd-looks like trend reversalBuy above 2850, keeping SL @ 2730 on closing basis.
Resistance levels are marked, which will be our near targets.
Hero MotocorpHero - Cmp 2782.60
Looks good at cmp for long position with 2710 stop loss on closing basis for initial target of 2980-3030.
Reason:
1. Bullish divergence
2. Near support area
3. Favorable risk reward ratio.
HEROMOTOCO showing sign of reversalOne can take long entry in HEROMOTOCO. We see good upside potential from here.
Is this proper Head and Shoulder pattern to trade?I had this scrip in my watchlist and i had found this sort of Head and Shoulder pattern. I do have some queries about trading this pattern.
Is this a proper pattern to trade?
The left shoulder doesn't match with the right shoulder. Is that matter?
What about SL and Target?
I hope someone will clear my queries🤞🏻
HEROMOTOCO Continue to Fall HEROMOTOCO Will Take Support From 2525-60.
I Will Be Ready To Buy At These Levels. Will Keep A Distance As Of Now. If Any Lower High Is Taken Out, Will Be Alert For Us.
Till Then Find Shorting Opportunity Based On Price Action.
Hero Motocorp: Head and Shoulder Hero Motocorp formed a head and shoulder pattern on the daily chart. if the price gives a breakdown of the neckline then we may see a good downside move from here.
From investing point of view, the price has already corrected more than 30% from the march high that make this level a good point to add stock to the portfolio.
Short Heromotoco for first target of 2618Hello Traders,
I see the stock has moved down after giving. head and shoulder pattern. I believe this downward move will continue and thus we can enter this downfall as follows:-
Target 1: 2618
Target 2: 2378
Sell on rise strategy.
Whenever it touches 21 EMA we can go short on the stock.
To do this we will either buy PE 3000 or
we can sell CE 2800 or even CE 2750 but trade in 30 September option.
We will see how stock behaves after 5 minutes of tomorrows opening and
then either we will enter at CMP or wait for stock to touch 21 EMA and then enter the trade.
Keep Tuned for triggers.
Happy Trading!
Heromotocorp - At bullish zone of 2800-2740Levels are in description itself.
disclaimer: this post is for educational purpose only
#heromotorcorp potential short if H&S pattern breaks support#heromotorcorp weekly seems to have a head and shoulder pattern
watch out for neckline of same and whether if major support band currently it is reaching whether if it gets broken
and if so could be shorting opportunity if a breakdown red candle confirmed closes below it.
remember there is also a support available below near 2250 and only if it break do we have prolonged bearishness.
daily and weekly lost momentum to dip into bearish region.
HEROMOTOCORP H&S PATTERNHEROMOTOCORP has made a H&S pattern on a weekly timeframe
Target and stoploss are already marked there in charts
execute trade only if sustain a weekly candle below neckline
SWING IDEA
I m not a financial advisor take ur trade accordingly
SHORT HEROMOTOCONegative trajectory in hero moto corp, and can continue to go down provided the bearish sentiment in the auto sector as a whole.
We may see a Head and Shoulders reversal in Hero Motocorp Ltd
Hero Motor Corp Ltd showing bearish signs as following:
1. Head and shoulders completed on weekly and daily timeframe.
2. Price closing below 50 and 100 day EMA for 5 consecutive weeks.
3. Price opened below neckline today (20/08/2021).
4. Bearish divergence on RSI throughout the uptrend. Bullish divergence at beginning of downtrend.
(divergence occurs when RSI contrasts with price moments, suggesting trend reversal)
5. A mini head and shoulder reversal has already occured in the current "Head" of the pattern. Similar pattern is repeating itself.
6. Given above observations, price is likely falling to 2056-1935 levels.This was a previous order block.
In conclusion, Hero Motocorp Ltd is a fundamentally strong company. However a better time of entry would be around 2056-1935 levels. Or around 2431, if price only makes a 50% retracement from previous uninterrupted uptrend.
HEROMOTOCO - W Pattern on weekly chartOne of the most famous trend reversal pattern. Can buy now with very small sl
Simple Trade Setup | HEROMOTOCO | 20-08-2021NSE: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.
Looks like Hero has bottomed out. Hero looks very attractive at these levels. Fundamentally sound company giving us a good price action to go long on this stock.
This a set up I will prefer. Why? Because even if this goes wrong I won't feel bad. A very small SL of 63 points (2700 or 2713).
Another indicator confirmation - Bullish divergence on a Daily timeframe. This is a weekly chart.
Stock selection for options trading and points consideredstocks selection for the options trading and the important points considered while selection.
HEROMOTOCOHEROMOTOCO
Chart check
Head & shoulders pattern found in weekly chart
Neck line around 2765
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Simple Trade Setup | HEROMOTOCO | 18-08-2021NSE: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 probability to bounce back.
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Trade Setup for Date 18-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and target w.r.t price action working near that level tomorrow.
Hope I made it easy to understand it.
My personal view is bullish on it.
Do comment your doubt or suggestion.
