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

HERO MOTOCORP LTD.

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HEROMOTOCO trade ideas

HEROMOTOR CORP ( DAILY) - Trend Line BreakoutHEROMOTOR CORP ( DAILY) (STOCH > 25 , 75) Possibility of trend line breakout drawn from 18th Sept 2020 till 9th Oct 2020 100 day horizontal channel high broken out on 9th Oct 2020 HOWEVER , Formation of Dravas Box has been taken place since Apr - May . Further indications of pull back and taken support at EMA and MA . Could expect a pull back and take support at either 9 , 21 day EMA or 50 day MA for a stronger signal. Look into volume movement for signs of pullback 9 day EMA > 21 day EMA > 50 day MA RSI > 70 Volume > AVG Buy above 3350 Target height of trend line for Rs. 250 move OR Target 2*ATR for Rs.180 move
NSE:HEROMOTOCOLong
by RiderTrader
Bull Flag Pattern in HEROMOTOCO (Short term Swing Trade)This analysis is purely on price action and chart patterns. Trade opportunity is for short term swing. But since the sector is expected to be bullish in coming years, it can be used for investment opportunity too. Trade Strategy is explained in image itself. Traders can either wait for the pull back and then enter at around 3573 and below *OR* Risk averse traders can enter on the high of the candle as well. SL is given in image itself.. SL needs to be trailed accordingly. *Trade should be taken at your own risk and money management* Feel Free to comment your queries or suggestion in comments.
NSE:HEROMOTOCOLong
by AdityaKarn90
Hero Moto Co (Consolidation breach incoming ?)Hero Moto has formed a Triangle in and around it's current high formed around the 3200 mark. It will be interesting to see how it reacts on the upper end of the triangle, in case a breach come through a new upside trend might start, purely based on technicals. However in case the breach is towards the downside it might continue lower for a while. Numbers for Auto's are due on the 1st of October so that might play a role as well. Keep in mind that a breach before 1st might not sustain if the numbers indicate an opposite trend. Trade with Caution.
NSE:HEROMOTOCO
by vinayak.mohta5
2
Hero moto good short candidateHero moto counter on 15 min time frame have completed Head and Shoulder pattern. counter have given breakdown from neckline support with large bearish candle and huge volumes,, generally head and shoulder patterns are found around peak area,, so this can be peak for the counter and good reversal can be seen in counter,, view gets negated once price breach the high of right shoulder,, downside we can see levels of 2800-2750-2700,, targets can be decided based on height of head which is around 215 points in this case,, and break down from neckline support around 2965 levels,, so we can see fall of 215 from breakdown levels,, which would lead to targets of 2750,,
NSE:HEROMOTOCOShort
by RUDRA007
HERO MOTOCORP LTD 4HRBearish Crab Strong POTENTIAL REVERSAL ZONE Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY ULTRA HIGH VOLUME for going SHORT we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR. As High volume shows interest to the upside from “Smart Money” so prices may go higher. IF Price breaks ULTRA HIGH VOLUME Candle LOW with LOW VOLUMES & with NO DEMAND l.e place for short price need to follow Green Trend line & hit target If price Breaks Red Trend line is where EXIT before SL hits POTENTIAL SELL
NSE:HEROMOTOCOShort
by PriceActionTradervsa