HEROMOTOCO trade ideas
HEROMOTOCO SHORTHEROMOTOCORP looking good shorting candidate. Yesterday it gave breakdown of trendline but there was a neckline support of head and shoulders pattern so waited for it to break and today gave breakdown of it too. Now we are looking for a trendline and head and shoulders breakdown with good volumes. Plus for confirmation we've got macd and 9/21 crossover, also rsi below 40.
HeroMoto- Head & Shoulder breakoutImportant Levels to look for:
Buy above 3345 - Upper Resistance, for a target - 3903 with Sl - 3250
Pattern confirmation only once breached 3390 levels.
#Heromotoco cash : Looks good above 3400.10#Heromotoco cash
01.03.2021
looks good above 3400.10
stoploss 3370
Target 3424/3448
Cmp 3350.20
Hero motor selling modeHero motor rising wedge pattern breakout and it shows very beaish mode,
and the target as mentioned as a green line
NSE:HEROMOTOCO Analysis 08 Jan 2021Symetrical Traingle Suggesting Trend continuation.
Volume Contracting.
Will Hero shineRejection candle (Pin Bar) at:-
Trendline Support
Kijun Support
Hidden Bullish Divergence
HEROMOTOCO in pullback retesting the breakout zone.Heromotoco retesting the breakout, previous resistance now turned into support and forming a bullish harami candle will punch an order at 3433
Weekly Wrap Heromotocorp 22nd Feb 2021Trend is Down - Sell on rise on daily basis ( check video for levels )
Buy on dip ( for monthly basis ) ( check video for levels )
For education purpose only
HERO MOTOCORP#GOOD_TO_KNOW
#HERO MOTOCORP CMP 3389+
MAY CONSOLIDATE A LITTLE BIT MORE
SUPPORT @ 3240-3032
PRICE MOMENTUM
3240-3284-3336-3364-3390-3480-3540-3600
CHART FOR STUDY PURPOSE
STAY CONNECTED
@TEJGYAN
