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Heromotocorp

NSE HEROMOTOCO: Are Bulls Strong Enough to Sustain Impulse?Timeframe: 30 min Brief analysis: HEROMOTOCO has started a five-wave impulse cycle from the low of 2745.5. Price has accomplished wave Y of wave (4) and started impulsive wave (5). Buyers will have an opportunity with a captivating risk reward to ride the trend after confirmation for the following targets: 3167 – 3210 – 3260+ . In-depth analysis: NSE HEROMOTOCO has formed an impulsive cycle after an extreme low. In this case, the security is trading above the 20,50, 100, and 200 EMAs, which indicates that the bulls are in control. The formation of wave two was a running flat which retraced 0.618% of wave (1) at 2795. The third wave was an extensive wave that extended 3.618% of wave 1. Wave 4 has formed a double zigzag formation with wave W-X-Y, in which wave W was a zigzag, and wave Y is an expanding triangle. The retracement of wave (4) is 0.382 of wave 3. Currently, the price has broken out and traded above wave d, which signals that the big move is about to unfold. Corrective structure always holds by either wave X or B-D trendline in expanding triangle. The price can take a retracement if the demand is growing with low volume. If the price breaks out at 3131, traders can initiate a long position for the following targets: 3167 – 3210 – 3260+ . The setup will be invalid after the breakdown of wave e. Target measurements: 100% Reverse Fibonacci of the 4th wave at 3208, and 38.2% extension of wave 1 through the 3rd wave at 3212. 50% Fibonacci extension of wave 1 through 3rd wave at 3261. Nearby high of wave B at 3167. We will update further information soon.
NSE:HEROMOTOCOLong
by forextidings
HEROMOTOCORP- Daily/Hourly Timeframe-Tringle PatternNSE:HEROMOTOCO Entire auto sector has outperformed in past few weeks, However HEROMOTOCO is looking a bit weak as per as per the daily chart, it has broke its previous daily swing low. Stock is consolidating in tringle in hourly chart. In hourly chart buyers are trying to push price higher (Higher lows) however sellers are defending level 2840-2855. If it breaks either side we may see a momentum, keep eye. This idea is only for educational purpose, please manage your risk accordingly.
NSE:HEROMOTOCO
by Rushikesh_09
HEROMOTOCO - Bullish Momentum with VolumesNSE: HEROMOTOCO is closing with a bullish momentum candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:HEROMOTOCOLong
by BrahmaBull31
HEROMOTOCO : daily & Hourly HEROMOTOCO is reversing from near support zone on daily chart posted before. IN hourly chart, high chances to touch 2547 resistance zone. if its able to cross it we may see good movement. for me, its good time to enter ifLike, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing First Learn and then remove "L". trading near support zone with small stop.
NSE:HEROMOTOCOLong
by ChartsSpecialist
HEROMOTOCO - CONSOLIDATION BREAKOUT 📊 Script: HEROMOTOCO (HERO MOTOCORP LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY AUTO 📊 Sector: Automobile and Auto Components 📊 Industry: Automobiles Key highlights: 💡⚡ 📈 Script is trading at upper band of BB. 📈 MACD is giving crossover. 📈 It is giving breakout of consolidation zone. 📈 Right now RSI is around 63. ⏱️ C.M.P 📑💰- 2913 🟢 Target 🎯🏆 - 3186 ⚠️ Stoploss ☠️🚫 - 2812 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:HEROMOTOCOLong
by radha_23
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