HEROMOTOCORP - READY TO BREAKOUT!Rising RSI and the price also following the trend line, it is about to break the upper resistance.
we may expect a break out soon, if the volume supports the breakout then you can go for long.
Thank you.
Heromotocorp
heromottoafter big rally HERO MOTO corrected 25% n now
consolidation between 2700 to 3000.
Add this stock at cmp and near 2788 level
in short term we seen 3000/ 3130/3200+
long term 3188/3303/3477/3588+
view invalid below 2433cbsl.
Note: all views are education purpose only.
HEROMOTOCO Falling Wedge PatternHEROMOTOCO is Forming a Falling wedge pattern. Good Probability Of Bullish Reversal.
Heromotoco Long Term investment pick
All the key levels are mentioned in chart with Stop-loss and Targets
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Heromotoco All key levels are mentioned in chart
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
HEROMOTOCORP possible upside movedo follow the trend
this is not a call
market is supreme
if it breaks the trendline then wait for it to retest and then short it
happy trading
HEROMOTOCO - FIbo & Multi time frame analysis + flag patternAll The Levels And Patterns Are Marked On Charts, Red Zone Denotes Supply Zone And Green Is For Demand Zone.
BUY NEAR 3225 if the price is supported. In case the price breaks the lower trend line in 5 mins time frame, it can take support from 3208, if that gets broken 3184 will be the next support level .
The Indicator Used:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts. - Not Used Here.
2) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
HeroMotor looking good to zoom !!After crossing the downtrend line, made a good rally to 3200 and after weekly doji in Dec2020, 2021 jan week made a good upmove.
Looking good for 3300 and 3600 levels.
HEROMOTOCO on the verge of Breakout. Target Price 3600++
Hedge Long
+1x 28JAN2021 FUTURES - ₹ 3163.8
+1x 28JAN2021 3200PE - ₹ 117.5
Max. Profit - Undefined.
Max. Loss ₹ -24,390
Breakeven - 3282.0
Estimated Margin/Premium ₹ +60,000 ++
HEROMOTOCO | 08 January 202108 January 2021 HEROMOTOCO | Looks good above 3166. Target open. SL 3063
HERO MOTORCOP should be grabbed from demand zone before it booomHERO MOTORCOP should be grabbed from demand zone before it booom
HEROMOTOCOI'm not an expert I'm just sharing my views on HEROMOTOCO for next trading day
I'm not responsible for any profit or loss this is not a recommendation
HEROMOTORCORP | Bullish Divergence
Bullish divergence on the lower time frames.
Bounce at the 1.272 extension.
Potential Cypher pattern with the CD leg forming as we speak.
Bull Flag Pattern in HEROMOTOCO (Short term Swing Trade)This analysis is purely on price action and chart patterns.
Trade opportunity is for short term swing. But since the sector is expected to be bullish in coming years, it can be used for investment opportunity too.
Trade Strategy is explained in image itself.
Traders can either wait for the pull back and then enter at around 3573 and below *OR* Risk averse traders can enter on the high of the candle as well.
SL is given in image itself.. SL needs to be trailed accordingly.
*Trade should be taken at your own risk and money management*
Feel Free to comment your queries or suggestion in comments.
