HEROMOTOCO trade ideas
Heromotocorp Looking BullishHeromotocorp Looking Bullish at CMP 2930-2930 for the target mentioned in the Chart.
Heromotor Corp buyThe script is in buying zone and looks good to accumulate, target 3100 to 3200 for a period of one to 3 months
Positive RSI divergenceA clear cut positive RSI divergence can be seen in HEROMOTOCORP and it is also near its support level after a price fall for few weeks.
Good stock to buy at this level with strong fundamentals.
HEROMOTOCO back at its strong support , Had a good fall may riseI will buy HEROMOTOCO because :
It has been taking support at the trend line .
It has been consolidating and give big move soon.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 2956
Target : 3500/3580
Stop loss : 2778
HEROMOTOCO - At 200 EMA SupportThe stocks is at a support region with 200 EMA support on Weekly and 50 EMA support on monthly chart. Enter only on daily candle with bullish confirmation.
Can we see a come backHeromoto might show a come back as Bullish Harmonic Pattern formed. Auto Sales numbers for March due. Target could be 3050-3100
Heromotocorp Bullish viewEnter with the Breakout
Levels are given on the chart
Disclaimer: This is not a investment/trade recommendation
HERO MOTOCORP - 3 Reasons To Short !!There are 3 reasons why I chose this stock for shorting:
1 - Rounding Bottom
2 - Stock has broken long term Trendline
3 - Resting right on support zone
If tomorrow breaks 3000 then target 2900/2800 levels for swing.
For Intraday can book profit in 1%
HEROMOTOCO SHORTHEROMOTOCORP looking good shorting candidate. Yesterday it gave breakdown of trendline but there was a neckline support of head and shoulders pattern so waited for it to break and today gave breakdown of it too. Now we are looking for a trendline and head and shoulders breakdown with good volumes. Plus for confirmation we've got macd and 9/21 crossover, also rsi below 40.
HeroMoto- Head & Shoulder breakoutImportant Levels to look for:
Buy above 3345 - Upper Resistance, for a target - 3903 with Sl - 3250
Pattern confirmation only once breached 3390 levels.
