HEROMOTOCO trade ideas
Rounding bottomClear rounding bottom formation and a reversal from a strong support. Along with indices showing strength makes it a good buy at current level.
Disclaimer - I am not giving advise it is just for educational purpose.
Hero Motocorp ltd: AnalysisHero Motocorp is trading at breakout levels of 2890.20 in 1 hourly time frame, their is a high possibility of breaking out of this stock.
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Reason to buy for a weekly position:
1) Trend-line in the daily time frame is broken.
2) Triangular pattern breakout.
3) Upward momentum with good volume.
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Wait for price action then trade, current view bullish. Retracement Entry is suggested.
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Stoploss must be below swing low in hourly time frame or below the trend line i.e 2839.45.
Heromoto corp successfully broken out..!!!
****Disclaimer****
Trade with risk management but don't get afraid of taking risks because the winner is who BETS as well as never gets out of CHIPS...!!
Seems like heromotor’s downtrend is set to reverse from hereDisclaimer... not an investing/trading recommendation
HEROMOTO look for reversal candle for long from hereTaking support on 21 EMA. Near demand-supply zone. Overall trend bullish.
Wait for bullish reversal candle on daily chart.
HeroMoto buy Target 3100Completely respecting the Trend line
HeroMoto is a buy
3 White Soldiers on 1hr TF with Confirmation
Target 3100
Stop Loss 2870 on Closing basis
Hero MotoCorp Ltd. - DAILY CHART VIEW!!#HEROMOTOCO
Hero MotoCorp Ltd. stock pulled back to the important support of mid bol in 2900 area.
RSI 50+ .
If the stock can maintain above 2900, it can resume its up move and approach upper bol 3195.
HERO MOTO POSITIONAL SELLPOSITIONALLY SELL SEPTEMBER FUTURES AT 3160 TO 3170
KEEPING SL AS 3396
TARGETS 3040/2968/2880/2777/2644 & BELOW
