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

HERO MOTOCORP LTD.

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HEROMOTOCO trade ideas

Right Angled Triangle pattern formation in Hero MotocorpRight Angled Triangle pattern formation is happening in Hero Motocorp stock. The resistance line is at ~2969. If the breakout happens with good volumes then the stock could rally to 3160 level. The pattern crossed the projected 1/2 length time period of the pattern so the breakout happening between 1/2 length and 3/4 length, supported by volumes, could be strong. If breakout happens as per pattern then: Target ~ 3160 Stoploss ~ 2969 Disclaimer: I am not a SEBI registered investment adviser. The study is purely for educational purpose and is my personal opinion. It is not a direct investment advice.
NSE:HEROMOTOCO
by sarathve
[Positional] Hero Motor Corp Bear Flag Pattern Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. I also do my trades live, Please refer to the link to my footer if you want to tail me. =======
NSE:HEROMOTOCOShort
by Amit_Ghosh