HEROMOTOCORP – strong support near Rs.3291. It is presently trading near its life time highs !! Will it fall more? Only time can tell....! Indicator used TE REKAB, it captures reversals in the market. Captured Rs. 41 per share in above chart. #TradingEdge Academy The Indicator used shows Reversals forming in live market, it is a whole setup in its own and is...
Consolidation for about a week, once breakout or a breakdown given it will be a very strong.
As per the charts. If you want you can do call spread.
NSE:HEROMOTOCO Chart indicates a possible pullback. - In supply/resistance zone with RSI divergence & Bearish engulfing candle in daily chart.
YOU CAN SEE PRICE ACTION HERE IT IS MAKING HAMMER AND IS SIGN OF REVERSAL BUT BUY ONLY WHERE I HAVE SHOWN AND TARGET IS MARKED ALSO IT IS IN A CHANNEL SO CANNOT STAY OUT OF CHANNEL FOR LONG
HeroMotoCorp: Weekly Chart Approaching a very Crucial- decisive level
#HEROMOTOCO DAILY CHART VIEW!! RSI steady above 50 It broke out of triangle and then pulled back to edge post rally. If stock stays above 3080 , it may move towards 2018 December swing high of 3380.
Long if it breaks the high of the previous day with a stop loss at the previous day's low. Short if it breaks the low of the previous day with a stop loss at the previous day's high. In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
#HEROMOTOCO WEEKLY CHART VIEW!! Hero MotoCorp Ltd. is trading above previous week close. Technical indicators are bullish. Near by resistance is 3430. If price closes above 3430 level, the next resistance is 3700 and support is 3000 on weekly chart.
Heromotoco is showing good uptrend. You can buy it with targets of 3400/3600/3800. Please maintain proper money management rules, RR ratio and strict stoploss. This idea is for educational purpose only. Kindly trade only after consulting your financial advisor. Please support the idea by hitting 'Like' button. You can donate coins too.
Heromotoco has formed bullish parallel channel possibly will go up as shown in arrow LIKE and FOLLOW
swing trade on hero motor