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HERO MOTOCORP LTD

CAN YOU BE my hero

By Tradegainer
Updated
this stock is doing nothing for a longtime. has completed complete Elliot cycle on daily chart I am buying this stock in sip mode for 4 to 8 months time period the only condition this trade has is it should not go below 2500 levels otherwise all wave patterns will fail and we will analyze it again. targets i will update as it forms over time but still 2900 and above targets in 4 to 8 months is what I am expecting.
Trade active
2500 stoploss
Note
the last c wave is not confirmed yet I am opening this trade in anticipation and continuation from previous waves also
Trade active
adding more
Trade active
no problem
Trade active
however it is not looking good it can fall much further the wave c has extended the support levels here are as follow = 1st support 2481 and last zone is 2378 it can fall below 2378 also but has good value investing levels from now till 2378 and below is much better so i am holding and adding my position here
Trade active
booked profits and kept very little quantity sold 90% holdings
Trade closed: target reached
booked profits thats the power of analysing fundamentally just the compare with tvs motors u will know where to invest
elliotwaveanalysisHarmonic PatternsHEROheromotocorpLONGlongpositionlongsetupTrend AnalysisWave Analysis
Tradegainer
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