HEROMOTOCO trade ideas
buy heromotoafter long consolidation it has move out from its range and also price is trading abv 200EMA. we may see 3250 in coming days. view negated below 2900 clbs
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)
