5th wave play in Hero MotoIf you understand Elliott waves, the chart labelling is self explanatory.
A textbook Elliott wave impulse pattern with missing 5th wave of the 3rd wave.
Thanks for reading, will update as price develops further.
HEROMOTOCO trade ideas
hero moto stock breakout and movingthis is my personal view for short & long term hero moto stock break clearly and now it moving on target levels.their was channel break out like a,b,c formation
hero moto stock breakout and movingthis is my personal view for short & long term hero moto stock break clearly and now it moving on target levels.their was channel break out like a,b,c formation
HEROMOTOCO, Bull FlagPotential upside, Hero MotorCorp seems to be coming out of a bull flag.
Target at 5500, Stoploss at 4400
buy Hero Motocorp?
Hero seems to have completed its downward swing. I think it i stime to take long position for 5-10% gain.
HEROMOTOCO may remain in range bound some more timeChart and RSI is showing range bound for Hero motor, stock is at buying Zone, once brake the resistance of RS. 4730 with volume can achieve target of Rs. 4840
Information is only for Educational purpose, no recommendation for Buy or Sell
My view on Heromotoco Double bottom breakdown
Possible in Heromotoco
Looking tgt 4450-4400-4350++
Keeping on radar Heromotoco 4400 PE
Low risk entry on HEROMOTOCOSymmetrical triangle formed on daily chart. Price broke out of resistance and successfully retested now support previous resistance line. Also noted low volume when price were falling with prior runup on price before formation of triangle chart pattern. Formation of hammer candlestick on bottom of support trendline indicates strong buying. Good short term opportunity.
Disclaimer: I am not a SEBI registered consultant. This is not a buying or selling recommendation. Above information is just my view and is meant for educational purpose only. Please consult your financial advisor before making any trade.
Gap down and stayed down- Hero Motocorp, ready for profit bookin
Downward movement started couple of days ago and today it was gap down opening with little effort for recovery.I think profit booking from here may start and give 3-5% on the downside.
HEROMOTOR will give 10% Retuns ? cmp 3963 HEROMOTOR cmp 3963 with the Target of 4171, 4249, 4325.
Sustaining over the daily support levels, can return from the current levels.
Support 3912 - 3963 , Resistance 4162 - 4188
9.5% Upside Potential
HeromotorCop Weekly Continuous Movement Heromotorcop is continuously moving upside
postive RSI
Positive Volume
500 points stretch possible
strict SL
heromotocoNSE:HEROMOTOCO
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
HEROMOTOCO Formed Inside Candle PatternFWB:NSE : HEROMOTOCO Formed Inside Candle Pattern
Inside Candle Formed on Weekly Chart ..
Either Side Breakdown or Breakout is Possible
the Range is So Important
if Breaks Upside Then Possible Targets Are Marked
if Breaks Downside Then Possible Targets Are Marked
Investment (MULTIBAGGER) pick of the week. Hero Motor.Hero made its all time high in Sept. 17. After a long consolidation, last week, it has given breakout and closing above 4100. Now this stock is ready to fly. I love when fundamentally strong companies gives technical breakouts. Its the best time to make wealth. I am recommending this stock from 2900, however, this is still a very good buy for an Investor.
There will be 2 possible scenarios' in this case.
Once a stock hits all time high, there is a high probability it will take a major resistance and fall down. This, however, is a good opportunity for investor to make positions. Try to accumulate this stock between 3500 - 4100 range. If you get at lower price, even better.
If you get next 2 weekly closing above 4100, buy aggressively as that would confirm the breakout.
If you are ready to hold this stock for next 2-3 years, targets would be very agressive.
CMP - 4140 W
T - 5600, 8000 W
I don't think so. Anybody want to miss this 7 year old breakout?Leading motorcycle company got breakout after 7 year with all indicator bullets Rsi above 60 relative strength against nifty 50 is strong momentum already boiled eps revenue quarterly by quarterly good catch it
HEROMOTO WAVE 3 IS ONN
Wave 1 is a 5 Wave Impulse Sequence Structure in 6 Month chart, and Wave 2 is a 3 Wave Correction structure.
Wave 2 has retraced Wave 1 by 61.80% which suffices by the Elliot Wave Theory Correction rules.
Now Wave 3 is on and as per the Elliott Wave Theory and Fibo Extension Levels 161.80% is the minimum Wave 3 achieves, hence projection is Rs. 7793.20.
HEROMOTOCO: Given monthy BO.HEROMOTOCO: Given monthy BO. Long pending one. First it tried it in 2017. Now broken successfully. Long way to go !!!
HEROMOTOCO: At ResistanceHEROMOTOCO: At multi year resistance. Let's see is it breaks or not !!! Need to see strong volume movement too.
HEROMOTOCO weekly setupPrice can given a good breakout in weekly time frame after much consolidation, can looks for marked targets in this stock. also marked the buyzone for adding more if price comes down.
HeroMotorCorpChart looks very positive, it broke major resistance in the weekly chart and trying to retest the support line.
it is a good risk to reward stock, it can be a investment or positional trade call.
wait for the stock to cool down little bit and buy accordingly for big returns vs limited risk.
HEROMOTOCOP into Negative zone ? cmp 3748HEROMOTOCOP trading in Negative zone
Daily trend turned negative, Profit booking seen
Resistance 3800 - 3830
Support 3530 - 3560
6% Downside Potential
An anticipation of 25% upside !The automotive sector has shown resilience as an early outperformer in the post-COVID correction phase. Hero moto, which initially lagged behind, is now demonstrating a rapid bounce-back, with a strong likelihood of reaching its previous resistance levels within the next year.
times to unfold on scale
This is exclusively for education purpose!
Hero Motor Corp | Elliott Wave Analysis | Learn with me...Wave Analysis:
Within the completed fifth wave, we can see that the corrective wave II has completed a WXY correction, which is a complex correction pattern consisting of two zigzag corrections and a connecting wave. The internal degree 1 wave within the WXY correction has also completed, indicating a potential uptrend.
Currently, the stock is in the early stages of the second wave, which is a corrective wave. It has completed the internal degree 1 wave, which consisted of a zigzag correction. However, the corrective wave is likely to continue, and the stock may find support near the 2500 level.
In conclusion, Hero MotoCorp has a strong long-term trend and is currently in a corrective wave, which is likely to find support near the 2500 level. Traders and investors should keep a close eye on the stock's price movements to identify potential entry and exit points.
Thank you for your love and trust...!
