A decent channel formation for short term on hero moto corp
Wait for Price confirmation and trade
Price for the 3 months starting from April continuously climbs up in a constant phase. Now price almost touched the major reversal area. Look for channel break and enter the trade.
HEROMOTOR SELL BELOW 2750 TARGET: 2735, 2722, 2710 If sustain below 2700 then 2660-2650 possible Posting for Educational purpose only If my analysis appears OK then please LIKE, FOLLOW and SHARE to get more future ideas
1)Earlier price broke through Ascending Triangle in Daily 2) Price Fell till 50% Fibonacci and Retraced back till 38.2% 3) Price taking resitance exactly at 38.2% Fibonacci. (White Horizontal line of ascending triangle) 4) Long Above 2790 may give 100Rs Gain.
Heromotoco has a very beautiful price action trading in the channel. The stock made an evening star and closed at the value price. It is also showing a hidden bearish divergence. Seems like its ready for the downward cycle! Positional trades: Short below 2750 for 2720, 2700, 2690, 2675, 2650 with SL at 2800 Since tomorrow is expiry, it would be a volatile &...
Hero looks weak as per recent price action. RSI negative divergence is also emerging. But I would like to see it closing below 21 DEMA and lower bottom both to take any short decision . First, I will buy at 2660-2660 with stop loss below 2597 for target 3060. If closes below 2600 then I will look for short opposunity
****Disclaimer**** Trade with risk management but don't get afraid of taking risks because the winner is who BETS as well as never gets short of CHIPS...!!
HEROMOTOCO looks strong at current level Buy for target of 2930
Heromoto corp broke out from 2 years long broadening formation. It is a fundamentally strong stock can be included in medium term portfolio for 32% upside. ****Disclaimer**** Trade with risk management but don't get afraid of taking risks because the winner is who BETS as well as never gets short of CHIPS...!!
****Disclaimer**** Trade with risk management but don't get afraid of taking risks because the winner is who BETS as well as never gets short of CHIPS...!!
inverted head and shoulder breakout buy at current price and wait for the tgt.
Stop Rs. 2775 with a target of Rs. 2700 approx
Heromotoco is a possible shorting opportunity for target of 2400 in coming days if broke below.
Heromoco is trying to break below 2530 short below 2530 till target of 2500