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HERO MOTOCORP LTD.HERO MOTOCORP LTD.HERO MOTOCORP LTD.

HERO MOTOCORP LTD.

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HEROMOTOCO trade ideas

How to make big profits in HEROMOTOCO✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺ I post Good and potential trading ideas on daily basis on this page of mine :) ✺✺ Target: 1000 Followers ✺✺ Chart Reading: So as you can see its taking heavy support from below and there is a good trendline above, conviction can be generated for a possible swing trade when it breaks the above trendline and closes on the D chart, Risk and Trade setup should be yours after you have gone through my analysis, taking a trade on these levels would be good as it is a Low risk and High reward, High probability trade :) ✺--------------------------- Motivational and psychological area ✺ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions, and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good peoples, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) ✺------------------------------------ Some info-------------------------- ✺ ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼I don't take all the trades I post ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<< Thank You Have a Nice Trading Day >>>>>>
NSE:HEROMOTOCOLong
by Averoy_Apoorv_Analysis
2
HEROMOTOCO: A Bearish Trend" TECHNICAL ANALYSIS OF NSE:HEROMOTOCO The LAST CLOSE PRICE of NSE:HEROMOTOCO is 2939.2 . The PARABOLIC SAR is showing the DOWNWARD SIGNAL with TREND as DOWN TREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.236 at the FIBONACCI STOCK PRICE LEVEL of 2939.2. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 2971 with RESISTANCE 1 and RESISTANCE 2 at 2851.55 and 2773.1 respectively. The Key 50% FIBONACCI LEVEL stands at 2971 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not. The STOC RSI has the values K and D as 24.95 and 18.29 respectively. At this level it the status is WITHIN OVER BOUGHT AND OVER SOLD RANGE. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at -7.29 and 30.41 at 3.3 along with HISTOGRAM showing values of -10.61, the STATUS is clearly DOWNWARDS. The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at -1.04 and -1.18 with DOWNTREND as DOWNTREND. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.6336 the STATUS is WITHIN OVER BOUGHT AND OVER SOLD RANGE. No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 20.13 which signifies its Price Level to be OK. >>> RECOMMENDATION is : SELL ." Disclaimer: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:HEROMOTOCO
by finogent