Heromotoco - Elliott Wave CountHeromotoco - Elliott Wave Count
Heromotoco - the market violates our bearish view which we posted earlier. Hence this might be an alternate view on Heromotoco. however, its recommended to open short position only if the market breaks above channel and comes back closed inside.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
NSE:HEROMOTOCO BSE:HEROMOTOCO NSE:HEROMOTOCO1!
HEROMOTOCO trade ideas
Heromotoco - Elliott Wave CountHeromotoco - Elliott Wave Count
Heromotoco - The market appears to be in correction. it seems that Wave B is near completion and Wave C expected to begin with the targets below 2850 level and consider 3244 level for invalidation to this view.
Once the ABC correction is completed we can expect the next impulse up move.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
NSE:HEROMOTOCO BSE:HEROMOTOCO NSE:HEROMOTOCO1!
4000 is on its way?📈 Heromotocorp Weekly Analysis 🏍️
July's breakout from the 2-year resistance channel ✨
August saw a retest of the breakout zone. 🔄
Now gearing up for a potential rally, eyeing the 3984 target. 🚀
🚨 Key Levels Alert 🚨
🔴 Red Zone: Multi-year resistance range to conquer.
🟡 Yellow Zone: Akin to the green support area; aiming to surpass it.
🎯 Once both are cleared, it's onward to 3984. ⏩
Estimated timeframe: 8-12 months, but early action is possible. ⏰
Hero motocorp ready for fresh upside For all trade on my Auto Harmonic patterns indicator trade setup -
Risky trades can take trade after crossing 23.6% on either side and safe traders can take trade after 41% We can start buying when our Trailing SL hit at 23.6% with SL of recent low our Target will be 41%, 78.6% , 127.2% 161.8% and 223.6 % , when reversal pattern appears on chart we have to trail our SL if trailing SL hit exit from long trade and initiate sell trade ,
$HEROMOTOCO 2R Long ideaNSE:HEROMOTOCO building up liquidity.
the OB over here should be a good entry to grab all the Sell side liquidity and take the stock to test its recent highs. even though this is a 2 R trade idea i am publishing this as we are sitting so close to ATH . with their release of Kharizma bikes and delivery of harley tieup x440 coming up. this stock should do good if they keep the momentum.
RISK OF 2.5% IN NSE:HEROMOTOCORPfor GAINING atleast 13.5%, NSE:HEROMOTOCO is in rally for past 5 months and expecting it to continue it's rally until it reaches the ATH (fundamental view : expecting rise in revenue by HARLEY-DAVIDSON partnership) and it also respected the valid DEMAND ZONEs in the past. 2862.50 or below it could be the best price to enter the trade and the target could be recent swing high or the ATH of 4091.
Hero Moto LongChart is self explanatory. Please follow the price action & take the trade as per your appetite.
The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock market is very risky and trading stocks, options and other securities involve risk. The risk of loss in stock market can be substantial. Moreover, I am not a SEBI registered analyst, so before taking any decision or before investing in any Share consult your financial advisor and also do your analysis and research.
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#HEROMOTOCO... good in coming session#HEROMOTOCO...
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a good movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
HEROMOTOCO- BULLISHKeep a close eye on HEROMOTOCO
As you can see price is in strong uptrend.
Currently, price is trading in a range with resistance of 3205 and support of 3050.
If daily closes above the resistance, this will be a bullish breakout and we can expect the stock to resume the uptrend.
Targets:- around 3500.
But wait for the breakout.
Also, #AUTOSECTOR is strong and bullish, so this adds to our confirmation as well.
NSE HEROMOTOCO: Are Bulls Strong Enough to Sustain Impulse?Timeframe: 30 min
Brief analysis:
HEROMOTOCO has started a five-wave impulse cycle from the low of 2745.5. Price has accomplished wave Y of wave (4) and started impulsive wave (5). Buyers will have an opportunity with a captivating risk reward to ride the trend after confirmation for the following targets: 3167 – 3210 – 3260+ .
In-depth analysis:
NSE HEROMOTOCO has formed an impulsive cycle after an extreme low. In this case, the security is trading above the 20,50, 100, and 200 EMAs, which indicates that the bulls are in control. The formation of wave two was a running flat which retraced 0.618% of wave (1) at 2795. The third wave was an extensive wave that extended 3.618% of wave 1.
Wave 4 has formed a double zigzag formation with wave W-X-Y, in which wave W was a zigzag, and wave Y is an expanding triangle. The retracement of wave (4) is 0.382 of wave 3. Currently, the price has broken out and traded above wave d, which signals that the big move is about to unfold.
Corrective structure always holds by either wave X or B-D trendline in expanding triangle. The price can take a retracement if the demand is growing with low volume. If the price breaks out at 3131, traders can initiate a long position for the following targets: 3167 – 3210 – 3260+ . The setup will be invalid after the breakdown of wave e.
Target measurements:
100% Reverse Fibonacci of the 4th wave at 3208, and 38.2% extension of wave 1 through the 3rd wave at 3212.
50% Fibonacci extension of wave 1 through 3rd wave at 3261.
Nearby high of wave B at 3167.
We will update further information soon.
HEROMOTOCORP- Daily/Hourly Timeframe-Tringle PatternNSE:HEROMOTOCO
Entire auto sector has outperformed in past few weeks, However HEROMOTOCO is looking a bit weak as per as per the daily chart, it has broke its previous daily swing low.
Stock is consolidating in tringle in hourly chart. In hourly chart buyers are trying to push price higher (Higher lows) however sellers are defending level 2840-2855.
If it breaks either side we may see a momentum, keep eye.
This idea is only for educational purpose, please manage your risk accordingly.
HEROMOTOCO - Bullish Momentum with VolumesNSE: HEROMOTOCO is closing with a bullish momentum candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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