on daily chart HEROMOTO is looking strong and it just need average results to move higher and start a new bullish trend. For Short term (till results out) target is 3400 with SL being 3100. If results are good, buy on every dip for the targets of 3700, 4000 accumulate up to dips of 3000.
stock after a big fall forming base at channel support showing signs of reversal above 3240 towards 3290 3218 sl 3181
Interesting price action , its purely for trapping the traders , since smart money are still left with back log so they are pushing the price , but no volume is seen in the price pushing that it self is very clear , In my opinion they may push the price to convince small or week hand buyers that the market is about to rise and sell their stocks to week hand...
Hero Motors has taken long term support at 3175 - 3185 level . RSI shows hidden bullish divergence. Hidden bullish divergence occurs when price is making a higher low (HL), but the oscillator is making a lower low (LL). Buy hero motors above 3190 with the stoploss of 3175. Targets are 3285, 3315 and 3340.
In My View the price is heading to Support Zone after witnessing the Huge spike in Volume , definitely the smart money is out form the stock , it will not hold the Current price and may come down to Support PRZ I'm personally looking the price to shoot up in 1st hour and then sell on it after reversal sign and take my profit at the end of day trading Cheers
stock appears weak CLOSE below 3185
Short Heromoto only and only below close of 3170. In this strong market, very likely this will bounce from current levels. Buy with SL of 3170 on closing. Target 3300/3500 CMP- 3202
if HEROMOTOCO is closed below 3325 on hourly chart it will go till 3275 & 3230.
CMP - 3348 You can see huge buying interest above the black support line. This has a nice probability of going upwards now. Going long. Will exit below black and re-enter if signs of strength re-emerge. Cheers !!
It is been observed that some stocks mentioned below having great breakouts from pattern formation on daily chart indicating a high potential returns opportunity in the coming week. Buyers are in control and will take up prices quickly from here on. Bharti Airtel: Target-380, 400 SL- 350 BEL: Target -1700 SL 1500 Yes Bank: T1- 1550 SL- 1440 HERO: T1- 3450 SL-...
Hero moving towards D point Still far. keep on radar
As per the multi year bollinger chart, in early 2014 price bounced off the support line (averages) and went on to reach new highs in long term. Same scenario happened very recently and I'm very bullish with at least 3700 target in long run.
It seems that the pattern of multi year chart is repeating.
HeroMoto is at crucial point of multi year tri-angleformation. Will it make or break?
Hero Buy above 3176 with stop of 3160 and Target of 3198
Wanted to open this one up for discussion. Ive been monitoring this company for a while. A lot of people say go long but the technicals dont reflect what I would feel is a fair response to their reported numbers (summary is they beat market expectations). I think I will start monitoring the market depth more closely the next few days and accumulate positions in...
Again, I am new to this so I am just doing the basics. Have a look at my comments and share your thoughts.
HeroMotoCorp is in last leg of bearish bat formation. Might hit 3323 and 3409. Go long above 3255.