HEROMOTOCO trade ideas
Currently in No Trade ZoneStock is currently in consolidating and in No Trade Zone. Volumes have also dried up. Big move will certainly come when it'll break Channel High or Low on Daily Closing Basis. Wait for it.
Hero Long ideaHero at major support, it can go quickly up from these levels, we can buy hero for short term target of 3000 with SL 2750 on closing basis.
Tend line and chart pattern breakout CMP: 3048.40, T: 3200, SL: 2940
Study:
1. Trend line breakout
2. Ascending triangle breakout
Bluechip stocks at discounted priceHeroMoto corp is trading at a discount of 27% from 52 week high. If anyone is looking for a medium-term or long term investment opportunity, it is a good buy at this price. The risk to reward ratio is 7:1. The target will be 3600.
Some other bluechip stocks which are trading at discount from 52 week high are-
1) Mahindra-25%
2) Biocon-21%
3) Kotak Mahindra bank-20%
4) Tata motors-19%
5) Eicher Motors-19%
6) Airtel-19%
7) HDFC-18%
HEROMOTOCO SHORT TERM 3,5MONTHS HOLDHEROMOTOCO WAS TRADING IN DOWNTREND FROM FEB21 TO JULY21 AND IF IT BREAKS DOWN TRENDLINE ABOVE THEN WE CAN SEE GOOD UP MOVE\
PLEASE RESPECT SL AS IF IT BREACK DOWN IT WILL FALL WITH SPEED
FUNDAMENTAL LOOKS GOOD AND AS SIMPLE TECH. ANALYSIS AM TAKING LONG POSITION
AM ENTERING WITH 5 QTY
TGT - 3400
AVG BUY - 2844
SL - 2735
LETS SEE HOW IT GOES, LET ME KNOW IN COMMENTS YOUR THOUGHTS AND VIEWS
**(THIS IS JUST AN PROBABILITY AM NOT BEBI REGISTER ANALYST)**
HEROMOTO check 137+ 100% accurate charts follow for more daily sToday smart pick. Bullish above 2900. Similar bearish below 2866. Buy for target 3000. Same move expected On TCS, BAJAJ AUTO, BAJAJ FINANCE. CHECK 137+ 100% accurate chart. You can paper trade on it.
#Heromotoco cash : looks good above 2900.10#Heromotoco cash
19.07.2021
Looks good above 2900.10
Stoploss 2875
Tgt 2924/2948
Cmp 2887
A different take on Zomato's IPO and its impact on cosIf Zomato's business grows, there's a chance they will require motorcycles. Hero and Bajaj are two leading two-wheeler makers. They also have stakes in EV companies. Another level of looking at it is to look at battery stocks which might also be an interesting proposition. What do you feel?
Accumulation On Hero Moto Corp Hero have been on downtrend , people shorting at trendlines getting trapped and its accumulating. mid term target is front of you
Ready to BreakoutSeems like a Double bottom formation on weekly chart. Could give a breakout on Daily as well. LONG with SL at swing low.
Hero Motors-Good opportunityLevels are mentioned on the chart.
Only for learning and sharing purposes.
Not a trading advice.
Plz comment with your views.
HeroMotoCo - Channel PatternI am sharing this view for educational and recording Purposes.
HeroMotoCo is in a simple Channel Pattern. Its a fundamentally Strong Company and had a recent news that the company is thinking of increasing its products price. Due to Covid personal transportation is going to be in demand and cheaper solutions are scooters and bikes.
I am buying 300 Shares at 2925. and Selling a Monthly CE Option of 3100.
Cheers!
