HERO MOTORCORP-LOW RISK HIGH REWARDThe information given in the chart is for the educational purpose only.
Do your own analysis before investing.
HEROMOTOCO trade ideas
heromotocokeep an eye on auto sector , as budget is on next week . hero motoco could perform well in upcoming week. keep an eye on 2780 for target of 2850.
Tweezer TopA tweezers topping pattern occurs when the highs of two candlesticks occur at almost exactly the same level following an advance.\
Like many other candlestick patterns, tweezers occur quite frequently.
Tweezers are more meaningful as part of other trends, especially pullbacks.
Script = Heromoto corp
Time Frame = 15 min
intra day trade for tomorrowinverted head and shoulder pattern in heromotoco we can short below 2733
just for educational purpose
HERO MOTO LONGinverted H&S @ 50% fibo level support, on the verge of breakout.
entry above 2778, 10% upside possible
TARGET1- 3065
SL-2700
Hero moto possible to up moveif this stock close above the 2778.55 then it will move upside
as per my point of view high possible to upside move up to the trend line
#Heromotoco cash : Looks good sell below 2716#Heromotoco cash -Positional call
18.12.2022
Looks good sell below 2716
Stoploss 2736
Target 2697/2662
Cmp 2725
#Heromotoco cash : Looks good sell below 2716#Heromotoco cash -Positional call
18.12.2022
Looks good sell below 2716
Stoploss 2736
Target 2697/2662
Cmp 2725
HEROMOTOCO LONG TARDE Heromotoco is looking good for long in shorter time frmae symbol="NSE:HEROMOTOCO"]NSE:HEROMOTOCO
HEROMOTOCOBeakout of HEROMOTOCO from an Ascending Triangle.
Buy @ 2730 for Targets of 2850 with for medium term. SL 2660.
SWING TRADE - HEROMOTOCORP - R : R @ 1:2Potential Opportunity as Swing Trade in NSE:HEROMOTOCO
If tomorrow price action form with green candle above previous green candle, then buy at top of the previous day & stoploss below to it.
Risk : Reward - 1:2
ENTRY @ 2832.00
TARGET # 1 @ 2930.00
TARGET # 2 @ 3015.00
STOP LOSS @ 2740.00
This is for Educational Purpose only, apply your prudence & consult your adviser before any investing.
HAPPY TRADING.....
#nse #swingtrade #nifty #heromotoco #nifty50 #priceaction #supportzone #trendline #bullish #riskrewardratio #sma #simplemovingaverage
INVERSE HEAD AND SHOULDER - HERO MOTOCORP LTDNSE:HEROMOTOCO
Heromoto formed a inverse head and shoulder pattern together with a confirmation of horizontal resistance at 2950
Looks good for intraday as well as positional target of 3250.
Always trade with stoploss to avoid big drawdowns.
keep learning,
happy trading.
Heromoto to take long entryA Very high probability that a stock is going to BO from the resistance area. Long after the BO @ 2745 for the target level of INR 2900=2950-3000 with SL 2610. Stock is forming a positive divergence above 60 daily is the bullish signal along with the volume during the BO. Also, the stock is forming the Cup & handle pattern again the bullish. This is for your educational purpose only.
HERO MOTOCORP INVERSE HEAD AND SHOULDER Once it crosses above the neckline and closes above on weekly candle, the target becomes 3390. stop loss should be put below the neckline ( according to individuals risk appetite)
Hero Moto- Can outperformHero Moto Corp has given falling trendline breakout on weekly chart. If this gives closing above or around the current level then we can expect 3400 levels. RS is also +ve in daily chart.
This is only an analysis and not a recommendation to buy.
Needs clear price action for an entry05.11.2022- Results were not as per expectation.has a habit of 1 or 2 green candles on weekly followed by red.Below 200 on both daily, taking immediate resistance and weekly, which is a concern.However 20 providing immediate support on daily.Majority of volume transactions have taken place between 2750 to 2866. Does this short term trend line hold ?
Falling wedge pattern reversal in HEROMOTOCO.On 1h Time Frame Stock Showing Reversal Of Falling wedge Pattern It can give movement upto reversal target of 2640+. There have chances of breakout of resistance level too after breakout of resistance level this stock can gives strong upside rally upto 2900+.
Heromoto on 1hr timeframeTrading in a range
Break the resistance but can't sustain now trading again in the same range
HEROMOTOCO - Possible double bottomWait for market to confirm the trend and then enter for a long.
Since it is a double bottom on a daily chart, longer-term reversal can happen and chances for huge profits till next resistance is hit.
Double Bottom pattern reversal in HEROMOTOCO.On 1 Hour Time Frame HEROMOTOCO Stock Showing Reversal Of double bottom Pattern. On the support, level create Morning Doji Star Candlestick Form in 1h timeframe and It can give movement up to the reversal target of 2735 (up to resistance level). There have chances of the breakout of the Resistance level too and After breakout of resistance level this stock can gives a strong upside rally up to 2955+.
intraday heromotocorp long buyone can buy heromotocorp for intraday as per their setup, i will choose my entry and stop with 5 min chart.
one can also hold hold the position for short term, target is also mention for that.
lets see what will happen tomorrow.
