Long HEROMOTOCORPThe chart pattern of HERO resembles MARUTI a few quarters back (Previous idea).
Once the range of 2900 - 3000 breaks, it will achieve 3500 levels.
HERO is a symbol of rural consumption; within the last few months, the inflation scenario has favored producers and thus, agro-businesses.
BUY! and keep buying on DIPS
*NOT SEBI REGISTERED*
HEROMOTOCO trade ideas
HEROMOTOCO : daily & Hourly HEROMOTOCO is reversing from near support zone on daily chart posted before. IN hourly chart, high chances to touch 2547 resistance zone. if its able to cross it we may see good movement.
for me, its good time to enter ifLike, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
First Learn and then remove "L". trading near support zone with small stop.
HEROMOTOCO : Near support zoneHEROMOTOCO is reversing from near support zone. Please check 1 hours chart I will post after this, if it close resistance of 1 hour we may see it touch daily resistance zone marked here
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
First Learn and then remove "L".
A triangle breakout pattern is seen in Hero Moto CorpMultiple breakouts can be seen in prices, indicators, and oscillators indicating an upward movement in Hero Moto Corp.
Hero Moto Corp took support at the rising trendline and broke out of the falling trendline Futures data shows a long build-up. MACD also shows a positive crossover with a green uptick in the histogram. Prices can rise at least up to 2824 and above that, they can rally up to 2850 - 2900. Can be bought if the price sustains above 2762 levels in small quantities. Stop-loss is below 2719 on a daily close basis. Holding duration 3-4 weeks.
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HeromotocoNSE:HEROMOTOCO
One Can Enter Now ! Or Wait for Retest of the Trendline (BO).
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
HEROMOTOCO - Bullish Consolidation BreakoutNSE: HEROMOTOCO is closing with a strong bullish consolidation breakout 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 consolidating 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.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.