HEROMOTOCO trade ideas
hero motocorp- looking nice for short termstrong uptrend+ good earnings + recent bo from a short base
Heromotoco good rising patternHero motoco has good rising pattern with upper level breakout. Minimum target i am expecting is 6800 7000 7200 7300.
HERO MOTOCO - Cup PatternHERO MOTOCO - Cup Pattern
HERO MOTOCO has successfully broken out of a cup a pattern, suggesting a potential uptrend.
The increasing volume and RSI above 70 confirm the bullish sentiment.
Disclaimer: This analysis is based on historical data and technical indicators. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions.
HEROMOTO 10% upside possible in 2 Months timeframe.HEROMOTO 10% upside possible in 2 Months timeframe.
Daily Charts shows breakout form CUP Pattern.
LTP - 5961
SL - 5650
Targets - 6500+
Timeframe - 2 Months.
Happy Investing.
HEROMOTOCORP ROUNDING BOTTOM BREAKOUTHeromotocorp breaking rounding bottom
trading at 52 week high
volume spike with strong rsi
#target 6500
EDUCATIONAL IDEA
HEROMOTOCO Mega Breakout AheadHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Rectangular box Pattern in Daily TF.
* From Jun 2024 to Sep 2024 its in range.
* From Jun 2024 to Sep 2024 Tested & Moving Resistance Many times.
* It's Near resistance Zone and trying to Break Resistance Zone with good volume, good Closing Required.
* Volume is Missing.
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Hero MotoCorp Ltd. Hero MotoCorp Ltd. engages in the manufacture of two wheeler. It operates through the Domestic and Overseas segments
Hero motors fall predictedAs per advanced AB=CD pattern, hero motors starts fall. This is for educational purposes only.
HEROOOO Descending BreakoutIt will retest @5363 and comes donw till the next support @5158 and if that breaks then next support @4951
Or it will take support @5158 and move up
It is just my analysis
Hero Moto for swing tradeHero Moto given break out
Also 20 EMA & 50 EMA crossover done.
Double Confirmation.
One can trade with SL 5250 & Target previous high +-50.
For safe side can book at 5%.
May repeat Same pattern from May 2024.
Only for Educational Purpose.
Hero MotoCorp Ltd. Stock Analysis Hero MotoCorp Ltd. Chart Analysis
Key Observations:
Price Levels:
Current Price: ₹5,743.75
High Price (Resistance): ₹6,600 - indicated by the potential upside shown as 14.69% (856.45 points).
Low Price (Support): ₹4,905 - indicated by the potential downside shown as 14.35% (-838.95 points).
Potential Move:
The chart suggests a possible upward move of 14.69%, targeting the ₹6,600 level.
On the downside, it shows a potential downward correction of 14.35%, which would take the price down to ₹4,905.
Volume Indicator (CVD - Cumulative Volume Delta):
The CVD values show a large red (selling) pressure with -64.029K, indicating more sellers than buyers in recent trading periods.
Analysis:
Bullish Scenario: If the price breaks out above the current resistance, it may head towards the ₹6,600 level.
Bearish Scenario: If the stock faces selling pressure and moves downward, it could drop to the ₹4,905 level.
Neutral: The current level around ₹5,743.75 seems to be a key pivot point, where the market may decide its next major direction.
Conclusion:
This chart provides both an upside potential and a downside risk. Traders should watch how the price behaves around the current levels to understand whether the breakout will happen to the upside or downside. Keeping an eye on the volume data can also help in predicting the next move based on market sentiment.
HEROMOTOCO - Flag and Pole - Breakout -DailyHEROMOTOCO - Flag and Pole - Breakout -Daily
Name - HEROMOTOCO
Pattern - Flag and Pole
Timeframe - Daily
Status - Breakout
Volume - Good
Cmp - 5578
Target - 7145
SL - 5266
Pattern : Flag and pole
The flag and pole pattern is a popular technical analysis tool used by traders to identify potential continuation of a trend. Here’s a breakdown of its components:
Flagpole: This is the initial sharp price movement, either upward or downward.
Flag: Following the flagpole, the price consolidates in a small range, forming a rectangular shape that resembles a flag.
Key Characteristics:
Continuation Pattern: It indicates that the prevailing trend is likely to continue after the consolidation phase.
Volume: Typically, the volume decreases during the flag formation and increases again when the price breaks out of the flag.
Trend Direction: The pattern can be bullish (upward trend) or bearish (downward trend).
Fundamental ratios:
Here are some key fundamental ratios for Hero MotoCorp Ltd. (HEROMOTOCO):
Profitability Ratios:
Return on Equity (ROE): 18.5%
Return on Capital Employed (ROCE): 22.3%
Net Profit Margin: 10.4%
Valuation Ratios:
Price to Earnings (P/E) Ratio: 19.2
Price to Sales (P/S) Ratio: 2.75
Enterprise Value to EBITDA (EV/EBITDA): 19.18
Solvency Ratios:
Debt to Equity Ratio: 0.05
Current Ratio: 1.5
Efficiency Ratios:
Asset Turnover Ratio: 1.2
Inventory Turnover Ratio: 5.3
HERO MOTOCORP LTDImportant points marked.
*****Education purpose only*****
*****Investing in Equity is subjected to market risk do own research before investing*****
HEROMOTOCOThe chart is self-explanatory. The stock has good volume with a triangle breakout, indicating a high probability of upward movement.
Buy HeroMotoCo for Big upsideTake entry at cmp 5455
Target 6676
Invest again at 4985 level
Down trendline breakout on daily candle . Auto sector already bullish .
Add in your watchlist
Falling Wedge Pattern And BreakOut.As we Know After a Falling Wedge Pattern Formation, Bullish Trend Continues. It Has Broken Above its Resistance Trend Line, Now We can Assume here that there are Higher Possibilities of this stock Continuing it's Uptrend.
Get ready to accumulate Hero moto corpBullish BAT PATTERN formed in hero motors. Let's wait for the entry. This is for educational purposes only.
Heromotor is at support line 5377Heromotor is at it's daily support line i.e near 5377 , one cane entre into it with target 5555 and SL 5350!
Hero moto correction startsCorrection expecting for next few months. It's for educational purposes only.
Heromoto CorpDate 21.07.2024
Heromoto Corp
Time frame : Day chart
Key notes & points mentioned in the chart
HEROMOTOCO NEGATIVE RSI DIVERGENCE HEROMOTOCO Negative RSI divergence on weekly chart
No Recommendation Just an interesting chart to observe and keep on radar. Lets See How it evolves.
Stay Cautious ! Stay Alert !
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix
