HEROMOTOCO trade ideas
HEROMOTONSE:HEROMOTOCO
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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
HEROMOTOCO Haven't seen a cleaner Diamond breakout in quite some time.
Although diamond top upward breakouts have poor performance statistics, the Cleanness of this pattern + Above average Volumes on breakout + MACD bullish crossover is persuading me to take action.
Target 3130
Keep SL according to your risk appetite.
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DISCLAIMER: I am not a SEBI registered investment advisor.
This content is for educational purposes only.
Invest capital at your own risk only after doing your own due diligence
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Hero Motocorp Limited (LONG)Good volume seen
trading above 200 EMA on daily chart
Bounced back from 2300 level
W pattern seen
Consolidating between 2660 - 2780
ready for breakout
either take a BO trade above 2800 keeping SL at 2730
or accumulate between 2600 - 2660 for same targets
BUY between 2600 - 2660
SL 2596
TGT 2962 - 3194 - 3386 - 3490
Please do correlate by yourself also on charts. This is for paper trading and educational purpose only. Must consult your Financial advisor before investing.
HERO MOTOCORPHi Good afternoon Guys!!
Today I took sell trade on Hero Motocorp I'll tell you why
1) it was in the channel as we can see on 15 min TM and there in is breakdown from the channel so after retest i placed sell order and Stop loss AND Target I have put on the chart it is going good as of now will wait till my target or 200 MA.
2) Nifty is very weaker today. AND I've placed my stop loss to breakeven.
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I'm posting this for only my history
1) took 1 trade in Hero motocorp, found 1 trade on nifty but i realize that it is gambling that I've done I thought market fallen 200 or 2% now but it was good level o support but should not trade on the basis of this mindset that's why it cost me my money and even if this trade makes me money i will be on breakeven so avoid this..
I have to wait for proper retest or breakout like this trade that'll make money and as well for long term i would make money.
any one who's reading they can let me know my mistakes so I can groww.
HEROMOTCO 1W TFHEROMOTOCO is currently at a crucial level and ready to start it's upmove. With Good R:R , it is goood to enter at the current price.
CMP :- 2462
Target :- 3630
SL :- 2300
R:R :- 1:7
Also start trailing once it crosses 2600 and if it faces issues in braking 27-2800 level, you can book your profits else keep it running.
Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades. This is just for learning purpose.
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