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
HEROMOTOCO trade ideas
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%
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.
