HEROMOTOCO trade ideas
Hero motocorp may give a break outWatch out for Here moto may give break out.
Wait for retracement before taking any positions.
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Rounding Bottom PatternGood buying opportunity for a positional target of 3400. Also, a must-have stock in the portfolio because of its good fundamentals. Can keep for long term as well.
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Beautiful Rounding Bottom Pattern in HEROMOTOThis can be termed as most beautiful pattern of this series June. Neat Clean Clear Breakout . Please watch the stock closely . Personally I am thinking a target of 10% from here. Target yours Loss your. Trade Responsibly.
RoundingBottom#HeroMotoCo looks bullish. Momentum indicators is in bulls favor with RSIStairs at 59. ADX rising. Stock trading above all major moving averages 20/50/200 DEMA. Stock has formed a #RoundingBottom pattern and trading near the neckline 3013 above which it will breakout.
Typical text book target for the pattern comes around 3275. Good to go long with protection for a target of 3220/3118.
Trend + Momentum Score : 3 Star Bullish (Daily TF)
HEROMOTO LONGA long Daily downtrend appears to have bottomed out with a surge in volumes forming a "Butterfly" harmonic pattern.
Breakout of the Rounding Bottom is indicative of a Bullish Reversal, which could push up towards the next resistance zone.
Hero Moto - Breakout on High VolumeRounding Bottom pattern breakout
Volumes looking good
Expect stock to reach 3240 in coming days
buy sidehero moto forms double bottom on hourly chart also the momentum indictors looks good in strength so once we can see more upside from here ( cmp 3018 ) ..
Hero Motor - Triangle Breakout with inverted H&S Pattern - LongHi Guys,
The Script Hero Motor was reversed it trend and now it was in the bullish trend.
The script need to break the triangle and inverted H&S pattern above 3000( Closes) will confirm the bullish trend.
Entry: Retest 3000-3050
SL - Closes below Right Shoulder.
Target - 3400 & 3600
Regards,
Thenali Views
Disclaimer: Kindly do your own analysis before executing the trade
HEROMOTONote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
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Keep an eye ladies and gentlemen. Cheers and Happy Trading.
