heromoto corpdescriptions are given in the charts
heromoto is in the action mode there will be both side movement possible in the stock so you can go for buy or sell both side but i am bullish in the stock
HEROMOTOCO trade ideas
HEROMOTOCO looking bullish with 25% upsideNSE:HEROMOTOCO weekly chart is showing breakout from falling channel (wedge-ish) pattern with good volumes. As long as we stay above 2700 (daily closing basis), we might see 3500/3600 levels in weeks to come. Keep an eye!
HEROMOTONSE:HEROMOTOCO
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
HEROMOTOCORP SEllHEROMOTOCORP SEll for intraday trading if stock break the given support then we will enter in trade...
HEROMOTONSE:HEROMOTOCO
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
Go long Technical looks good.
Company managed to do better sale than last quarter.
PE is lower than compared to Ind PE.
(Undervalued)
Increase in the shareholder pattern, including dii and fii holdings. 🤞
HERO MOTOR CORP wedge pattern breakout happens and retested nearby support.
If RSI above 50 and it sustain price tent to move up. (based on historical event)
some negative:
1) nifty auto index is still in downtrend
2) from investing.com article:
The demand momentum for 2-wheeler remains weak, attributable to the lower end of the income group being more impacted due to the second Covid-19 wave, rising fuel costs, and price hikes by OEMs which has led to elevated levels of channel inventory
TARGET 1: 10 %
TARGET 2: 25 %
S L : 8 % (4% S L previous swing low, but nifty @ all time high if a retrenchment happen it will hit very easily. so that i prefer 8% as S L)
HEROMOTOCO 4hrbreakout done ! breakout done !
breakout done ! breakout done !
breakout done ! breakout done !
Heromoto - 15 mins positive divergencesReasonable valuations - ready for a good rally. Stock has been under performer. Couple of buy signals were triggered in last hour of trade yday
hammer 0n hero motorshammer seen on a down trend for hero motors...with volume confirmation, ig we one can look for a swing trade
Heromotors - Long setupExtremely Bullish charts on both daily and weekly timeframes
HeroMotors is almost debt free with a good dividend yield of nearly 3%.
Good ROE and consistent track record for paying healthy dividends
From a technical standpoint, price is sitting on 200 Weekly Moving Average and right below the 200 Day Moving Average. Weekly MA will act as support and Daily may try and act like resistance zone
RSI is peaking up and bullish undertone on both daily and weekly charts. Look for a break above 3000 for a potential target near 3600 levels.
PLs do your own analysis before you take the trades
HEROMOTOCORP 30mins Descending Triangle Breakout 06 Oct 2021HEROMOTOCOP 30mins Descending Triangle Good Support Broken on the downside. 06 Oct 2021
Go LongInverted Head & Shoulder, with two tome re-test, just wait for green master candle. DISC: Not a SEBI Regd. I post charts for my own study.
Hero motorNext price is go up 3216 Initially. Then analysis the market and fundamental analysis is decided market go up or down
