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HERO MOTOCORP LTD.HERO MOTOCORP LTD.HERO MOTOCORP LTD.

HERO MOTOCORP LTD.

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HEROMOTOCO trade ideas

HEROMOTOCO : Building Momentum from Correction Lows HERO MOTOCORP Learning Points: Wave Analysis: Wave C zones typically offer high-probability reversals. Golden Retracement Zone: The Fibonacci 50%–78.6% zone is a critical demand area. Demand and Supply Dynamics: Understanding these zones improves entry and exit precision. Trading Plan: Entry Strategy: Enter between ₹4560–₹4688, within the Golden Retracement Zone for Wave C correction. Confirmation from bullish divergence or candlestick patterns is key. Stop-Loss Placement: ₹4540, slightly below the Golden Retracement Zone. Target Strategy: Short-Term: ₹4950–₹4995, a supply zone. Swing Target: ₹5106, aligning with Wave C completion and Fibonacci extensions. Predictions: A reversal from ₹4560–₹4688 is expected, targeting ₹5106. Demand confirmation is essential before entering. Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Conduct your research or consult a financial advisor before trading.
NSE:HEROMOTOCOLong
by LiveTradingBox
HEROMOTOCO--Short @ Supply Zone??This stock previously broken the trendline strongly, but didn't gives a retest to this trendline. price taken the support of resistance and price moved to topside significantly. Now this is the 1st area we have to look for buy in this stock for continuation. Buy area is located at 3000-3250 area we have support. Now the area at previous resistance acts as support becomes liquidity on bottom side. On the topside price broken the downside trendline, on retest of the trendline we will look for short opportunities up to the resistance acts as support and trendline + Demand areas as target points for us.
NSE:HEROMOTOCO
by IIT-Trader
1
Is Hero MotoCorp Set for a Bullish Turn..?HERO MOTO CORP has experienced a significant decline of approximately 24% from its all-time high. This downward trend has been marked by a clear trendline that, as of late, has been broken, indicating a potential shift in market momentum. Additionally, a failed breakout was observed at the support level around 4920, which could enhance the likelihood of a rebound or upward movement in the near future. It's important to note that the company's quarterly earnings report is scheduled for November 4. This upcoming announcement could be critical in influencing market sentiment and should be carefully considered before making any trading decisions.
NSE:HEROMOTOCOLong
by Kartik_Elkunchwar
hero **Chart Overview:** **Stock:** Hero MotoCorp Ltd. (NSE: HEROMOTOCO). - **Indicators:** **EMA (Exponential Moving Average)**: - 9-period EMA: \(5,759.37\) 21-period EMA: \(5,618.91\) - 50-period EMA: \(5,472.63\) **200-period SMA (Simple Moving Average):** \(4,788.98\) **Volumes**: Shown below the price chart, indicating trading activity. **Highlighted Levels:** **18th June 2024**: The price touched a resistance level, as indicated by the orange circle. The price struggled to break through that level. **10th September 2024**: Again, the price tested this resistance level and initially rejected it but managed to make a new attempt to break above in the current phase. The **horizontal line** shows the resistance level around \(5,860 - 5,961\), which the price is trying to break. **Analysis of Last Three Candles:** 1. **Candle 1 (Two days ago)**: **Small Body, Small Wicks**: Indicates a **doji**-like candle, showing indecision in the market as the price consolidates at the resistance level. **Volume** : Low volume during this session could suggest a lack of strong conviction from buyers or sellers. 2. **Candle 2 (Yesterday)* *: **Green Candle** : Indicates a bullish move, as the closing price was higher than the opening price. **Medium Wick on Top* *: Suggests some selling pressure near the end of the session, with buyers unable to close at the day’s high. **Volume** : Increasing volume compared to the prior session, signaling growing interest from buyers as the stock tries to break resistance. 3. **Candle 3 (Today)**: **Strong Green Candle** : This is a large bullish candle with little to no wick on top, signaling that buyers were in full control throughout the day, pushing the price significantly higher. **Volume** : High volume compared to previous days, confirming the bullish momentum and increasing the likelihood of a breakout above the resistance level. **Conclusion from Last Three Candles:** The stock has made two attempts (June and September) to break the resistance level around \(5,860 - 5,961\), and the third candle (today) shows a strong breakout attempt with substantial volume. This indicates that the stock might be gaining bullish momentum and could sustain a breakout if buying pressure continues.
NSE:HEROMOTOCOLong
by investigationofchart
Hero Moto Weds Harley Davidson !!- This is one beautiful price action. One that we see in a textbook. - 1.7 years of Pure range-bound market - Support and resistance respected. - A retracement prior to breakout - Weak hands are moved out - A strong breakout beyond the 3000 mark - The psychological level was no match today. - Although, A sustenance above it is crucial for the momentum to continue. - This had a role to play in today's momentum: www.forbesindia.com What are your thoughts? Feel free to comment. If it helped, Do Leave us a boost 🚀 Disclaimer: We are not registered advisors. The views expressed here are solely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong :)
NSE:HEROMOTOCOLong
by TheChartereds
Hero Motor Elliot Wave AnalysisHero motor daily time period analysis see chart Weekly time analysis hero motor Monthly time chart The provided chart for Hero MotoCorp (NSE: HEROMOTOCO) is a daily time period chart showcasing Elliott Wave analysis. Here are some key observations: Elliott Waves: The chart displays an Elliott Wave pattern with labeled waves 1 through 5, indicating a bullish impulse wave. Support and Resistance: The stock has recently corrected after the 5th wave, potentially indicating a retracement. Moving Averages: The price is above both the 50-day and 200-day moving averages, suggesting an overall uptrend. Volume: Volume spikes align with wave 3 and wave 5, typically indicating stronger market participation during these waves. For further detailed analysis, reviewing specific wave counts and Fibonacci retracement levels could provide more insights.
NSE:HEROMOTOCOLong
by HARISHRAO99