Hero Motor Corp Analysis Stock is trading near BO zone and massive volume build up seen on weekly TF making double bottom pattern, follow chart for proper entry and exit levels.
HEROMOTOCO trade ideas
heromoto observe heromoto corp limited daily chart
observe the behaviour and act accordingly
buy above 2718
sell below 2670
more conviction is some down movement
so be carefull in quantity carrying
HeromotocoHeromotoco has given BO at 2493
2580 is supply area , if that is crossed then we may expect this to hit upper red resistance level.
it was oversold that is why this move is coming.
HEROMOTOCO - #intraday Chart Analysis || 17th May,2023 #stocksAnalysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 17th May, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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DISCLAIMER:
.
* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
______________________
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Hero MotoCorp LtdTrend deciding zone is 2480 - 2520. Sell below 2460 with the stop loss of 2500 for the targets 2420, 2380 and 2340. Buy above 2540 with the stop loss of 2500 for the targets 2580, 2620 and 2660. This is not a recommendation to buy/sell. Do your own analysis.
HEROMOTOCO long for 3%buy above 2612 tgt 2691 SL 2577 strategy based on candle sticks pattern higher high .
Fibonacci RetracementFibonacci retracement levels—stemming from the Fibonacci sequence—are horizontal lines that indicate where support and resistance are likely to occur.
The indicator is useful because it can be drawn between any two significant price points, such as a high and a low. The indicator will then create the levels between those two points.
Script = Heromotocorp
Time Frame = 1 Day
HEROMOTOCO - #intraday Chart Analysis || 9th May,2023 #stocksAnalysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 9th May, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
#sharemarket #stockmarket #nifty #sensex #investing #trading #nse #bse #stockmarketindia #stocks #indianstockmarket #investment #stockmarketnews #banknifty #finance #money #intraday #intradaytrading #investor #niftyfifty #dalalstreet #sharemarketindia #sharemarketnews #stockmarketinvesting #business #sharemarkettips #stock #india #indiansharemarket #rakeshjhunjhunwala #bhfyp #mumbai #share #wealth #investment #market #invest #trading #investing #finance #FinancialFreedom #investor #trader #stocks #profit #investors #economy #equity #shares #nifty #stockexchange
DISCLAIMER:
.
* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
______________________
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best stocks to buy now
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buy HEROMOTOOn daily charts, we can see 20MA line crossed 50 MA line from below indicating that stock is gaining strength. Price action shows that retest occured on the breakout line and closed above the resistance line with huge trading volume . RSI too indicating change in support and resistance levels and moving towards RSI 60 indicating momentum is increasing. first target is 2600-2615 and SL should be 2510.
HEROMOTOCO- Set to Outperform the Auto Index!Attached: HEROMOTOCO/ NIFTY AUTO Weekly Chart as of 28th April 2023
The Chart is Clearly indicating a Terminal Wave in the form of an Ending Diagonal with a Massive Bullish RSI Divergence
So long Hero MotoCorp has been ignored by the Market and Underperforming within the Auto Index
Get Ready Now because the Stock will see a Change in Trend from Down to UP
and INVESTOR Money is expected to start flowing into this Stock
Makes a Case to Buy an Outperforming Stock
See my Related Idea on HEROMOTOCO Outperforming Index Nifty 50, that is another evidence that supports the Bullish View
HEROMOTOCO- Relative Strength says BUY!Attached: HEROMOTOCO/ NIFTY 50 Weekly Chart as of 28th April 2023
The above Ratio Chart also called a Relative Strength Chart shows that the Stock HEROMOTOCO is set to Outperform the Index Nifty 50 and has given a Buy Signal on this Ratio Chart based on Elliot Wave Theory
Wave 1/ A was a 5 wave Impulse
Ratio retraced to 0.786 in Wave 2/ B as a 3 wave Corrective
AND NOW,
Wave 3/ C to the Upside is set to start/ has started already and this means the Stock is expected to Outperform the Market from here, making it a BUY as you always buy Outperformers because that is where the Strength is!
Note: The Stock has Earnings on 4th May, Thursday
Hero MotocorpThe stock price has formed an Inverse Head & Shoulders Price pattern.
Volumes on bullish days have been higher than the volume during the fall, confirming strength.
Prices could now test its resistance zone placed between 2810 and 2890.
Bullish View remains valid as long as prices stay above Rs.2420 (low of the right shoulder).
HEROMOTOCO✅ 2477-2531 level is a Multiple time tested level and also act as a continuation for down trend.
✅ You can short on this level or wait for proper confirmation on smaller time frame.
✅ Is this level break then this level also act as a support and you can go for long on retest on 2477-2531.
✅ But look for 2641-2667 for short. Price will give you a proper short entry.
ALWAYS READY FOR EVERY MOVEMENT THAT MARKET GIVE TO YOU...!
ALWAYS PREPER WHAT HAPPEN NEXT.
YOUR PLAN IS EVERYTHING..! BE READY WHAT WILL HAPPEND.
HEROMOTOHEROMOTO broke out of triangle pattern on an hourly charts with good volumes & comfortably trading above it.
Could be bought with mentioned stoploss & target.
Appreciation motivates to do more, if you think my work is worth appreciation then do appreciate please.
HEROMOTOCOENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
HEROMOTOHEROMOTO made 3 candle reversal pattern on daily chart & trading above previous 2 candles with good volumes.
Coould be bought with mentioned stoploss & target.
Bullish Engulfing PatternA bullish engulfing pattern is a candlestick pattern that forms when a small black candlestick is followed the next day by a large white candlestick, the body of which completely overlaps or engulfs the body of the previous day’s candlestick.
Bullish engulfing patterns are more likely to signal reversals when they are preceded by four or more black candlesticks.
Investors should look not only to the two candlesticks which form the bullish engulfing pattern but also to the preceding candlesticks.
Script = HeroMotocorp
Time Frame = 1 Day
HEROMOTO - Bullish Harmonic PatternHEROMOTO - Bullish Harmonic Pattern
Disclaimer : We are not Sebi registered analyst or Authorized analyst
The charts / Levels / Price projections are only for educational purpose.
This is our personal view, Pls consult your financial advisor before taking decision - Buy / Sell
We will be not responsible for your profit and Loss
Hammer PatternHammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow.
The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price.
The close can be above or below the opening price, although the close should be near the open for the real body of the candlestick to remain small.
The lower shadow should be at least two times the height of the real body.
Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation.
Script = HeroMoto Corp
Time Frame = 1 Day
Morning StarA morning star is a visual pattern made up of a tall black candlestick, a smaller black or white candlestick with a short body and long wicks, and a third tall white candlestick.
The middle candle of the morning star captures a moment of market indecision where the bears begin to give way to bulls. The third candle confirms the reversal and can mark a new uptrend.
Script = HeroMotocorp
Time Frame = 15 min
Inverted Hammer
The Inverted Hammer also forms in a downtrend and represents a likely trend reversal or support.
It’s identical to the Hammer except for the longer upper shadow, which indicates buying pressure after the opening price.
This is followed by considerable selling pressure, which wasn’t enough to bring the price down below its opening value.
Again, bullish confirmation is required, and it can come in the form of a long hollow candlestick or a gap up, accompanied by a heavy trading volume.
Script = HeroMoto Corp
Time Frame = 1 Day
