HEROMOTOCO trade ideas
Heromotoco 1W TFHEROMOTOCO is currently at a crucial level and ready to start it's upmove. With Good R:R , it is goood to enter at the current price.
CMP :- 2462
Target :- 3630
SL :- 2300
R:R :- 1:7
Also start trailing once it crosses 2600 and if it faces issues in braking 27-2800 level, you can book your profits else keep it running.
Disclaimer :- This is just my view. Please analyse charts yourself and then decide to initiate trades.
SIP between CMP to 2313 SL 2210 TGT 2632 and 2950Suggestions are based on my analysis only. Please do your analysis before taking any trade.
hero will be soon super hero 190 sl sip in the dip hero is been letting in 3 wave chart is in log scale 1950 sl longer tf view
Sell below 2333 SL 2356 TGT 2296 and 2272Suggestions are based on my analysis only. Please do your analysis before taking any trade.
Hero MotoCorp 2x-3x potential in long termStock is in wave 2 zig zag correction and dropping towards 0.618 Fibonacci.
Good to add in range 2500-2200 with Stop Loss 1980 for long term for 2x-3x returns
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgement while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
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We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
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-Past performance is not a guide to future performance.
-I may or may not trade this analysis
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HERO MOTOR CORP important levels for long term investmentHERO MOTOR CORP important levels for long term investment
Where will Hero Motocorp head to ?Where will Hero Motocorp head to ?
Reasons/Traits :
• Bullish Bat Harmonic Pattern formation is seen
• RSI/MACD are ready for up move, yet to confirm
• Price is way below 13,50 and 200 EMA
• Recent swing low matched with earlier lower low (important level for support)
What can happen next :
Scenario 1 : Price can move up to complete bullish bat harmonic pattern (2700/2750/2781/2830/2875/2900/2950)
Scenario 2 : Price below 2635 can go down to 2580/ 2530/2475
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
HEROMOTOCO : RSI Divergence ViewHeromotors: Multiple times RSI divergence helps to reverse the trend. Is the same can repeat ?
Buy at daily green candleThis scrip is now trading in demand zone. One can buy if any reversal candle forms on daily timeframe with stoploss at low of that candle and target above 3000.
HEROMOTOCORP GO LONGhero moto corp mid to long term buy on every dip first target 3000 and final target 5000 current market price 2465
Hero motor short term for sellTrade based.
Day down trend continuation.
Hr tf continue the down trend.
Double bottom on weekly chart @HEROMOTONice double bottom formation on #HEROMOTO in the weekly timeframe.
Can enter a long position at current level (2750) with SL below Red line (2636).
Hero MotoCorpSell Trend in 1M TF of this stock after the breakdown of triangle pattern. The downward movement will continue till the price reaches 61.8% of the 5M timeframe's fibonacci retracement.
Hero motocorp ltd looking good for swing tradeHero motocorp ltd looking good
for swing trade at cmp 2630
sl 2532 closing basis
targets ,2646,3206,3631
Heromoto corp flag break downHeroMoto Corp is been witnessing selling since feb 2021,a clear under performance when compared with broader markets.
Monthly chart for long term counts
As per this count we are in super cycle wave 4,cycle wave b,primary b.
Countinuing to above count,on daily time frame we are in primary b,intermediate c,minor 3(might just begun once we get close below 2640)
Extention target of intermediate c are shown on charts,short trade can be taken if we get close below 2640 as it would indicate start of minor 3 also flag pattern break-out will be validated post 2640,hence initial stop-loss for this trade would be 2760(wave 2 peak along with 50 day ema)on closing basis,once trade is in the money SL should be trailed ever day to previous day's high,meaning on any day if get close above previous day's high then short trade should be covered.
This is positional trade hence time frame for this trade would be 1 month and hence initial stop loss is about 5% from current market price,one should size there trade in order to not lose more then 2% of there trading capital if stop-loss get's hit.
Disclaimer:This post is just for my future reference purpose,no trade should be taken solely on the basis of this analysis.
