HEROMOTOCO on supportHeromotoco is on crucial support of previous ATH, will it bounce back, time will tell.
current market condition is not good, be very cautious while taking any trade.
HEROMOTOCO trade ideas
HEROMOTOCO | SHORT | INTRADAYHEROMOTOCO is weak on Intraday basis and on the Daily charts.
Price has been correcting since the start of January which is in continuation with the overall long term Bearish trend since Sep 2024.
Short position can be taken on Intraday basis since the price has clearly rejected the Weekly Pivots.
Target would be 4004 price level.
SL would be 4090 level.
Though this is not a good risk reward trade, those willing to play high risk can possibly take this for a 1:1 kind of trade.
Levels to watch out As of January 2025, the intrinsic value of the stock is estimated to be approximately 4,137.50 per share, based on fundamental analysis and available data. With the current market price hovering around 4,130, the stock is trading just below its intrinsic value, suggesting that it is fairly priced at the moment.
For investors seeking attractive entry points, prices around 3,900 could offer a discount to the intrinsic value, presenting an opportunity to buy at a potentially undervalued level. This price range could be seen as a good long-term investment opportunity, assuming the company continues to perform well and the market remains favorable.
Furthermore, for those with a more conservative approach or seeking a greater margin of safety, prices near 3,300 could represent a deeper undervaluation.
Levels to watch out As of January 2025, the intrinsic value of the stock is estimated to be approximately 4,137.50 per share, based on fundamental analysis and available data. With the current market price hovering around 4,130, the stock is trading just below its intrinsic value, suggesting that it is fairly priced at the moment.
For investors seeking attractive entry points, prices around 3,900 could offer a discount to the intrinsic value, presenting an opportunity to buy at a potentially undervalued level. This price range could be seen as a good long-term investment opportunity, assuming the company continues to perform well and the market remains favorable.
Furthermore, for those with a more conservative approach or seeking a greater margin of safety, prices near 3,300 could represent a deeper undervaluation.
HERO MOTOR- MAJOR CORRECTIONHero Motor Corp- Almost a 3x from March 2023 to Sept 2024. Now under a severe correction, macro and tech factors in play.
Demand zone is 3600-3850, if breaks crucial 4K level.
Sideways in that zone will be good for accumulation for target back 4500+.
Large caps getting attractive in this fall.
at support zoneheromoto at support zone , also rsi in over sold zone can give good bounce back from this levels
HEROMOTOCOPositional / Swing Trade opportunity in HEROMOTOCO
CMP - 4245
SL - 3900
Target 1 - 4915
Target 2 - 6130
DISCLAIMER: Not financial advice. Only for educational purposes.
Invest at your own risk
HERO MOTOR- SUPPORT TESTHero Motor broke out of a crucial level at 2900 where multi month resistance was seen. Post that its rise was halted at 6K+ and now its testing a crucial level of support- 0.618 FIB level , break of which can be bad for the stock -mid term. Correction is heavy on this stock, should watch this level carefully over the next 2-3 weeks.
HEROMOTOCO | Long Reversal | BTSTHeromotocorp is reversing from a strong support zone. While the overall trend continues to be bearish, a mean reversion is playing out. Which means a target of 4500 is feasible in the near short term.
An Intraday or BTST type trade can be taken for a quick target to 4500.
SL would be todays low.
Heromoto | Short | Intraday / STBTWeakness on Heromoto.
Trading below the Monthly, Weekly and Daily Pivots.
Daily RSI below 40.
Clear bearishness.
Short trade can be taken for target 4550.
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.
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.
HeroMoto | Long Reversal | Swing TradeHeroMoto is showing Bullishness from the Lows and is clearly reversing.
This is a short term bullish reversal.
Notice how on the Hourly basis, the price is clearing breaching the resistance.
A Long Swing type trade can be taken for a target till 4953.
However, ensure to enter only once the hourly candle closes positively without any wick.
Heromoto Corp looking structurally weak - Short takenHeromoto Corp is looking structurally weak. Lower Highs being formed.
A short swing type position can be taken for a target of 4555.
Anticipating this level to be hit within the next week or so. Definitely in the November series.
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.
Hero Motor ViewHero motor might take reversal from 4600 or 4300 levels as marked.
Chart is shared only for the educational purposes.
hero moto at supporthero moto at support if it broken it will go for next cross line as shown here or it may reverse fromm support zone.
Hero MotoCorp downside target 5850 Hero MotoCorp may see a big fall in one to two days, the stock has formed an inverted hammer candle on the daily chart and the stock is currently at its resistance, where there is a possibility of a decline of two to three percent in the next couple of sessions.
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.
Ready for ALL TIME HIGH Again...NSE:HEROMOTOCO trade at 5800 level. Stock trade in Uptrend Channel, and ready for cross its own all time high level, So you can watch for an upside move...
HEROMOTO 15/25 MIN LONGHeromoto is making HH & HL & may break this level & eventually got for next SZ.
WATCHOUT FOR BREAKOUTwait for the breakout to happen ,the last green candle shows wick on top if there is a wick present at the breakout adjust the trend line to match the wick ,many people draw the trend line very closely or without considering the wick and assume the last green candle is the breakout candle but THE BREAKOUT IS YET TO HAPPEN
