Key Highlights:
1. Bullish market structure
2. Trendline breakout
3. Price moving in a channel
4. Major resistance: 3000
5. Support zone: 2464-2814
6. Target: 3077, 3224, 3382, 3583
7. Stop loss: 2840
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning...
Hero 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
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.
CAN 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.
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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...
Gave 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.
HEROMOTOCORP 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...
KEY 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...
Heromoto 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.
