HERO MOTOCORP LTD

NSE

HEROMOTOCO

follow

Levels mentioned in the chart!

grab it for small profit

BREAKOUT AT ANY SIDE CAN BE TRADED

Its on resistance levels, would ,make an upmove

On weekly chart if it crosses above 2842 which is high of previous swing then there would be breakout. Also it is at 50 days EMA on weekly chart.

breakout expected

check the chart why we traded today

Few more levels plotted upwards after Flag and Pole hit 1st target

Bearish Bat - HeroMotoCo - 4Hr PRZ : 2699 - 2710 Supply Zone - 2700 - 2722

Bearish Bat pattern on 4H Chart of HEROMOTORCORP. SELL 2699-2700, SL 2723.1, Target(s) - 2678, 2670.

I am going through classical chart patterns and observed few hidden things in it. So, just for learning the purpose, I am sharing this article with you. I think, if we get close above 2640 then it should be bullish till next pivot. I am also assuming that, multiple times, the price will be rejected at 2640. Lets see. Regards, Vikram

Hero Moto can go more down as market is also indication more downside. Reasons For Trade-1.Descending Triangle pattern formed on Hourly Chart 2. Price has resisted from trendline Resistance 3.Bearish candlstick pattern formed on daily chart 4.Rounding top forming on 4 Hour chart. 5.Price once breaked support of 2530 which is weak now. 6. Risk Reward-1:2 Sell below...

HEROMOTOCO

Resistance at around 2600. If it closes above 2600 by 1st week of Sep and remains bullish for a brief period, 3200 can be seen in intermediate term.

Flag and pole

Sell Below 2540 Stoploss 2570 Target 2490-2450 Or Sell near 2580 Stoploss 2610 Target 2500-2450 Reasons for trade- 1.Price in near to channel resistance 2.Price formed bearish candlstick pattern on daily chart 3.Multiple time support touched at 2540 levels 4.Risk Reward 1:2

levels marked in chart