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HERO MOTOCORP LTD

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HEROMOTOCO trade ideas

Heromotoco breakout + consolidationHeromotoco has been falling like a meteor in the past months and now looks to have made a bottom It has retraced 50% on the weekly timeframe. RSI is bullish but for now oversold so we might see some consolidation MACD is above the signal line. Bounced back of 50% fib level. Sitting on 200 MA cluster. Buy above - 2841 Targets mentioned in the chart above Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding. Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
NSE:HEROMOTOCOLong
by this_is_shoaib
Bullish - Very good for long term investmentObservations: 1. Multi-year cup and handle formation is in progress 2. Currently at 21 MA zone in monthly chart & Trading at 200 MA zone in Daily chart. - So there is a strong resistance at 2770 level. 3. Morning star formation in monthly chart - Considering the current resistance level, there may be a minor dip upto 2650 level for the wick to form at the top in the current monthly candle. Good to invest part of the capital once the wick is formed. 4. We can expect a good rally once there is breakout at the MA resistance level. And note there will be a retest at the resistance level after the breakout. Look for Support and resistance levels, Fibonacci levels for targets.
NSE:HEROMOTOCOLong
by kugan_vel
[POSITIONAL] HEROMOTOCO LONG BET risk: Reward ratio is 1: 2 Rest as per Charts ******* Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all. ======= I use shorthands for my trades. “Positional” - means You can carry these positions and I do not see sharp volatility ahead. “Intraday” -means You must close this position at any cost by the end of the day. ======= Always follow a stop loss. In the case of Intraday trades, it is mostly the “Low/High of the Candle”. In the case of Positional trades, it is mostly the previous swings *******
NSE:HEROMOTOCOLong
by Palkesh_Agrawal
Hero MotoThese Zigzag corrective Complex formations are M-C-M-C-M or 5-3-5-3-5 Hero moto Correct 36% from 52 weeks high 1) it made Zigzag formation WXYXZ. 2) wave W is Motive wave internals is 12345. 3) Wave 1stX is a corrective and correct 0.382% of wave W internals are abc. 4) Wave Y is Motive wave Internals is 12345. 5) Wave 2ndX is again a corrective wave (0.618%) of wave Y internals are abc. 6) Wave Z is the Motive wave and extended or Targeted Price 1.618% price move this area it is ending point of Zigzag correction and starting point of new impulsive wave 7) Confirmation when price cross previous swing high and sustain 4 days then price blast. if anybody invest in hero moto for a long time buy in every dip 8) last point explanation for long time investors price correct motive wave or Impulsive wave 0.618% on a Higher degree which is complete 2295 price turn around 2310 Disclaimer This is only for Educational purposes before investment please advise your financial adviser .
NSE:HEROMOTOCO
by meena_sn