HEROMOTOCO trade ideas
HEROMOTOCORP H&S pattern on Weeklyit is currently close near neckline of inverted H&S on weekly scale. sustaining above neckline with good volume will take this stock to new all time high.
RIDE the trend"This is my trading journal, not a trade recommendation. I Will be Posting and updating the ideas regularly, as market progresses, only for educational purposes for me and others who want to benifit from my experince.
Buy1: if holds 3365 by EOD on monday
Buy 2: buy at confluence if it does not hold 3365 and move to confulence point.
Logic of trade : As per below mentioned charts on weekly and daily period
DISCLAIMER:
Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.
Hero moto is near their resistance.Hero motocorp is near their resistance level. But gave rejection to Breakout. Looking good above 3400 on closing basis.
1st target :- 3700
2nd target :- 3800
3rd target :- 4000
Stoploss :- 3080 on closing basis.
HEROMOTOCO, READY TO RUN FROM RESISTANCE BO.Hello traders,
HEROMOTOCO gave BO on friday but didn't closed above resistance.now still looks strong for both intraday and swing.
swing tgts are purple lines.
other details are mentioned in the chart.
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Aniket.
Heromotoco for 25th janWhenever it is crossing ema with RSI crossover it giving bullish momentum. so again it is at a crucial point.
(For study purpose)
Triangle breakoutMissed breakout entry., still looks promising upto 3400 lvl. We have seen poor selling from december . Price is above 200MA. Auto sector is bullish .
HEROMOTOCO BIG BREAKOUTHEROMOTOCO given good upside breakout upper the triangle channel. cam move towards upper FIBO LEVELS (MENTIONED IN CHARTS) in coming days.
View Negates below 3017 levels.
Must have this in watch-list for coming days.
Intraday Trade: watch for resistance breakoutbuy above 3300
small resistance around 3320
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
Seems to be bullish!!!! Seems to be bullish
For the targets of 3500/3590
With sl right below resistance zone
Analysed levels mentioned!!!
Regards,
MrAkshatP
Wedge Pattern in HEROMOTOCO!Hero MotorCorp finds itself in a wedge and might give a BO in the coming days. One can go long as soon as the upper TL is intersected and expect 3350 and even 3400 levels to be tested again.
Hero Motorcorp - H & S Pattern - ShortHero Motorcorp has formed a Head and Shoulder Pattern.
If Stock Price break the neckline of 2800 we can go for Short.
Target - 2200
SL - 3160
Disclaimer: Kindly do your own analysis before executing a trade
Buying Opportunity in in HeromotocorpPositional Trade:
HEROMOTOCORP:
Target: 3700++ 4000++
-Mohit Rajani
Hero Motocorp Ready for upsideHero Motocorp Ready for upside
First Target - 3240
Second Target - 3340
