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

HERO MOTOCORP LTD.

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HEROMOTOCO trade ideas

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.
NSE:HEROMOTOCOLong
by digijagan
1
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
NSE:HEROMOTOCOLong
by AbNamjoshi
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...!
NSE:HEROMOTOCOLong
by imkhushal
2