Long HEROMOTOHero Moto looks good on chart....RSI signaling bottoming out
possible bounce back
Trade type - swing
R&R in favor.
Strategy -
long ATM +50 Call as July is long series
Short Put ATM-50/100
HEROMOTOCO trade ideas
HEROMOTORCORP IS NOW READY TO BREAK CHART PATTERN.LET'S SEE WHERE HEROMOTOR IS GOING . WATCH THIS STOCK NEXT WEEK ONE GOOD MOVEMENT IS POSSIBLE . BECAUSE IN AUGUST HERO WAS RELEASE EARNING DATA. THEREFORE, IT IS POSSIBLE THAT ONE GOOD MOVEMENT IS WAITING.
LONG IN HERO MOTOCORPCAN GO LONG IN HERO MOTOCORP WITH SL 2900 AND TARGET OF 3090. GOOD OPPURTUNITY WITH BETTER RISK REWARD RATIO. ALSO AUTO SECTOR LOOKING GOOD. TRADE ACCORDING TO YOUR PLAN. THIS ANALYSIS IS JUST FOR LEARNING PURPOSE. I PERSONALLY TOOK THIS TRADE TOADY AND HOPING FOR GOOD TARGET IN JULY SERIES.
HEROMOTOCO: A Bearish Trend"
TECHNICAL ANALYSIS OF NSE:HEROMOTOCO
The LAST CLOSE PRICE of NSE:HEROMOTOCO is 2939.2 . The PARABOLIC SAR is showing the DOWNWARD SIGNAL with TREND as DOWN TREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.236 at the FIBONACCI STOCK PRICE LEVEL of 2939.2. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 2971 with RESISTANCE 1 and RESISTANCE 2 at 2851.55 and 2773.1 respectively. The Key 50% FIBONACCI LEVEL stands at 2971 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.
The STOC RSI has the values K and D as 24.95 and 18.29 respectively. At this level it the status is WITHIN OVER BOUGHT AND OVER SOLD RANGE. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at -7.29 and 30.41 at 3.3 along with HISTOGRAM showing values of -10.61, the STATUS is clearly DOWNWARDS.
The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at -1.04 and -1.18 with DOWNTREND as DOWNTREND. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.6336 the STATUS is WITHIN OVER BOUGHT AND OVER SOLD RANGE.
No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 20.13 which signifies its Price Level to be OK.
>>> RECOMMENDATION is : SELL ."
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
HeroMotorcorp can be a hero in your portfolioGave a breakout and restest. I'd say go long on this one. Economy is opening up, sales will definitely boost this share price to the levels mentioned.
Use your risk management. But I'm buying the dips.
Hero Moto 1 hour CMP 2930 Analysis Buy for Target 3050-3080 -Hero Moto 1 hour CMP 2930 Analysis
Buy for Target 3050-3080 - 3200-3300+
SL below 2860
Can buy 3000 Ce CMP 66 of July Expiry -
Target 100- 125-150-175-200+
Target 100- - 125- 140-160-180+
SL below 50
HEROMOTOCORP LONGHEROMOTOCORP trading near demand zone, we can see bounce-back from these levels previously on chart, can be a good accumulation zone for the given target and also good swing from here is expected. enter if any buying formation forms on chart or can go with the levels also with strict stop loss (on closing basis only) of 2787. if you get it around 2850 lvl can be a good pick.
THIS VIEW OF MINE IS PURELY BASED ON TECHNICALITY OF CHART, BEWARE OF NEWS.
Go long in HeromotocoHeromotoco is forming cup and handle shape, so chances are very high it can go to 3245 after the rebound.
Heromoto In Cup and Handle Chart PatternKEY TAKEAWAYS
A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.
A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long.
Technical traders using this indicator should place a stop buy order slightly above the upper trendline of the handle part of the pattern.
For Educational Purpose Only
Heromotoco ready to test it's previous highsStock bounced from its previous support zone 2963 -2944, sustaining this levels, stock might move towards 3090 and beyond.
HEROMOTOCO My View Next Really this is Outperform the Bajaj AutoHeromoto chart the formation of the Cup & Handle Pattern formation this is this is Techanically is Good You Can Watch this chart Carefully.
At Present no Trade but After Brackout you Defentally buy this Stock.
LONG HEROMOTOCOBreakout in HEROMOTOCO, Price is at retest level
TARGET : 3155
LTP : 3012
STOPLOSS : 2940
DISCLAIMER : We are not SEBI registered investment advisors. Consult with your financial advisor before initiating any trade. We are sharing this analysis for educational purposes only. I may or may not hold any position in underlying security.
intraday idea for tomorrow #equity intraday idea for heromotoco. buy above the mentioned price only if it closes above it. stoploss can be placed below trendline. if you like the analysis like,share.
