Looks we are on the verge of completing the corrective move. Expecting next impulse from here.
For educational Purposes only.
HEROMOTOCO wait for retracement till 2740 and then buy
****Disclaimer**** Trade with risk management but don't get afraid of taking risks because the winner is who BETS as well as never gets out of CHIPS...!!
Hero MotoCorp Ltd. trading near resistance level. Technical indicators are bullish. If price closes above resistance level 2886 near by resistance is 3375 and support is 2468 on weekly chart. FOR COMPLETE STOCK ANALYSIS, INTRADAY LEVELS AND FOLLOW-UP. CONTACT ME!!
NSE:HEROMOTOCO
Hero broke out of its long term bullish channel on the account of Rs. 25 Dividend - so a price correction was only expected. The breakout may well be a rejection like we have seen earlier and it took a sharp pullback from 200 HEMA which has acted as a support on all previous breaks from the channel. Positional ideas: (I will wait for confirmation with a close...
There is good chance for the stock to come down watchout..!
Short below 2685 Keep SL above 2790 For Target of 2600 - 2500 - 2430
It looks like it has broken down from the rising channel. Time to go short?
previous swing low has to go for bears rejoicing.
Hero MotoCorp Ltd. tarding near resistance level whereas Technical indicators are bullish if price closes above resistance level 2886 next resistance is 3350 and support is 2550 if price closes below support level next support is mid bollinger band 2247 on weekly chart.
With Auto stocks in great momentum stock is all set to give a breakout as it forming a HH & HL price formation near its key resistance levels. Key level: 2885 If it crosses this level, bullish price action would be confirmed and one can expect a good upside spike in few upcoming trading sessions. Let's wait for the right price action. Disclaimer: Take this view...
Buy above 2760 and depends on your RM and PS exit your trades. If you can hold it for long time expect it to reach new HH.
In a rising channel. Price is respecting 20dema so far. Yesterday made a strong price rejection candle at support.