📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising channel support
📌 Symbol/Asset: HEROMOTOCO
🔍 Description: Stock is making broadning rising channel and its wround the support. We may see bounce around the support.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the...
inside day candles are getting formed. volume has contracted at lower level. Trading within 1 SD of 20 SMA. Stock is added to watch list . Will buy on break of inside day range.
On daily chart, price has found support at 100day SMA, at level around 2868 (purple horizontal line)
Also, this level coincides with 38.2% retracement, of the four month rally (apr-july).
Thus, this level of 2868 can be considered as a good support
Taking this level as support, it has formed a rectangular pattern and now breakout has occured.
There is support of...
Reason for long
a) Mr.14 set up
b) supported by vwap and super trend
c) daily time frame closing above the high of previous day
d) High low formation
SL compulsory
For intraday only
HeroMotor Cmp 3054 dated 11-9-2023
1. Three White Soldiers Candle stick.
2. W Pattern
Buy above 3060 target 3090-3125-3160-3200
SL 3000
It is just a view, please trade at your own risk.
HERO MOTOCORP LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Uptrend Channel Pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 3115+.
✅Can Go Long in this stock by placing a stop loss below 2975-.
It has become bullish in short run referring to 5 minutes chart, but in 1H still bearish.
Wait for the SMAs to reverse in the desired order. Daily chart also shows the same.
Trade with proper risk management and wait for the levels to come on closing basis.
Only for educational purposes. I am not a SEBI Registered Analyst. Before making a decision, please...
Hero Motorcorp near to support range and might give breakdown tomorrow. stock continuously take support from 2920 - 2925 level and support become week. if tomorrow market will fall then this stock might give good profit. if stock opens gapup (2955-297) please ignore. if open flat or negative then it gives good profit. put stoploss to 2950 and take short trade. ...
Stock has re-traced sharply after the massive fall and is drifting on the slope, bearish pattern in the making . Break of the orange plot shoudl trigger weakness
Level plot and high leve study on the chart.
Hero Motocorp is trading around the levels from where in can give either side move. The stock has retest the 61.8% fibonacci levels and after takin support from the level it retested and reversed from 50% level of the recent down swing.
So the stock right now is trading around 3000 levels and has formed a gravestone doji after a big 7% bearish move last week....
