Heromotocorp Buy At Good Support level .Any trend line breakout on 4 hourly chart may take the Stock higher
**For educational purpose only **
HEROMOTOCO trade ideas
HERO MOTOCORP LTD_Triangle Breakout Pattern with Re Head & shoulONLY ANALYSIS NOT SUGG. TO TAKE ANY TRADES
TG 3250
Heromotoco buyHEROMOTOCO is at the channel support on daily TF. Very good risk to reward ratio. 1:3 with 2% risk and 6% target. By Fibonacci retracement of 0.5 level target=3275 stoploss=3045
HEROMOTOCO | Can see some short covering ahead of result - 25%+HEROMOTOCO | Can see some short covering ahead of result - 25% to 40%
CMP : 2910
SL : 2750
Target : 3600, 3800
1:6 risk reward setup for 1st target
HEROMOTOCO - Channel patternNSE:HEROMOTOCO
Hero Motocorp is in a channel pattern since October 2020 in daily TF.
Go long after a bullish candle above 3420 :
Target 1 - 3620. Target 2 - 3710.
Stop Loss - 3225
Looks weak below 3195 :
Target 1 - 2990. Target 2 - 2840.
Stop Loss - 3355
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HeroMotocorp longDouble Bottom with Morning Star pattern formed on daily timeframe
If if closes above today's high tomorrow then double bottom targets may be seen.
Heromotocorp Looking BullishHeromotocorp Looking Bullish at CMP 2930-2930 for the target mentioned in the Chart.
Heromotor Corp buyThe script is in buying zone and looks good to accumulate, target 3100 to 3200 for a period of one to 3 months
Positive RSI divergenceA clear cut positive RSI divergence can be seen in HEROMOTOCORP and it is also near its support level after a price fall for few weeks.
Good stock to buy at this level with strong fundamentals.
HEROMOTOCO back at its strong support , Had a good fall may riseI will buy HEROMOTOCO because :
It has been taking support at the trend line .
It has been consolidating and give big move soon.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 2956
Target : 3500/3580
Stop loss : 2778
HEROMOTOCO - At 200 EMA SupportThe stocks is at a support region with 200 EMA support on Weekly and 50 EMA support on monthly chart. Enter only on daily candle with bullish confirmation.
Can we see a come backHeromoto might show a come back as Bullish Harmonic Pattern formed. Auto Sales numbers for March due. Target could be 3050-3100
Heromotocorp Bullish viewEnter with the Breakout
Levels are given on the chart
Disclaimer: This is not a investment/trade recommendation
HERO MOTOCORP - 3 Reasons To Short !!There are 3 reasons why I chose this stock for shorting:
1 - Rounding Bottom
2 - Stock has broken long term Trendline
3 - Resting right on support zone
If tomorrow breaks 3000 then target 2900/2800 levels for swing.
For Intraday can book profit in 1%
