HEROMOTOCO - W Pattern on weekly chartOne of the most famous trend reversal pattern. Can buy now with very small sl
HEROMOTOCO trade ideas
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.
-------------------------------------
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.
hero target 2600-2550 if break 2681.Hero moto corp is showing a bearish pattern in 45 minute time frame with a monthly breakout.
Shorting Hero MotoShorting opportunity,
Standing at support level, if breaks then heavy fall can be seen.
HEROMOTOCO coming in buy zoneHEROMOTOCO is very close to the support on weekly chart. One can accumulate at this point who wants to invest for a long time.
HEROMOTOCOHEROMOTOCO currently trading at crucial support of 2740, can initiate long only on bounce at 2885 with stop loss of 2740. Can see upside rally till 3090 and 3180 and 3390
HEROMOTOCORO Weak on ChartNSE:HEROMOTOCO
Weak on Chart. on Support. if breaks support then can take SHORT position below 2740 with SL above 2800
target 2650-2600
If breaks above trend line then chances of reversal. then can take LONG position above 2860 with SL below 2800
** EDUCATIONAL PURPOSE
HEROMOTO Long Target 3600+HEROMOTO seems to be forming a W pattern in longer time frames (Weekly and Daily). Recently the company had few positive news like announcement of electric vehicles early Y2022 and good rural demand because of good monsoon. Market has largely ignored the news till now and a up-move is pending. Any dip below 2738 would be a strong buy opportunity. Safe traders can wait for conformation of breakout till 3080 is broken. The wait time can be longer so if you are in hurry my suggestion is to review any long positions.
Head & Shoulder Pattern, Near Neckline. Educational Purpose OnlyHead & Shoulder Pattern, near Neckline.. Watch for Breakdown.. Keep on Watchlist.
heromotocop for long positionheromotocop has been in downtrend for a long , now in 15 minutes chart i found that it is consolidating and stopped making new lower lows, so if it rises above 2800 and makes a new higher high, one can go long .
Hero Moto Corp Long opportunityHero Moto has taken support from a critical level and can bounce back from here. Can Target 3070 if it breaks that trendline.
heromotocorp massive move upside becasue their is rocket shaped pattern is forming
also known as inverse head and shoulder in hourly time frame
this is really cool setup
Hero MotoCorp will shine or not ?The level of 2750 becomes the consistent supply and demand zone when breaking down its historical path over six months. The trajectory of Hero MotoCorp was on either side and circulating the 2750-point somewhat as a magnetic pole or as a centre pivot line.
From August 2020, 2750 becomes the sturdiest support which ensures consistently help to prevent Hero MotoCorp from a deep dive from the zone (2800 to 2750). Meanwhile, Hero MotoCorp found its rage roughly between 2750 to 3200. Hero MotoCorp is below 0.236 on the Fibonacci Retracement nonetheless, the stock retracement was noticeable. MACD crossover below the histogram in day candle where the stock sustained at 2800 point.
Note* This is not a recommendation to buy or sell.
#Heromotoco cash : looks good above 2850.10#Heromotoco cash
08.08.2021
Looks good above 2850.10
stoploss 2830
Target 2868-70/2895
Cmp 2834
Long term investors can accumulate at this levelLong term investors can accumulate at this level for the target of 3085+
Heromoto 3 reasons to buy hero moto. 1 stands over sold zone.
2. MACD cross indicates 2 to 5 % instant move.
3. Top sec I cant share.
BREAKOUT COMING IN HERO MOTOCORPGood move can be expected in this stock , we can see breakout anytime soon.
Look at the RSI strength, already it has given the breakout.
Entry around 2830-2850 tomorrow looking at the momentum of the stock and we can expect 3050-3100 as the targets.
Please do your analysis before taking any trade and if you have any idea please tell me in the comments.
