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
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My studies are Educational purpose only
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HEROMOTOCO trade ideas
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.
HEROMOTOCO - CONSOLIDATION BREAKOUT 📊 Script: HEROMOTOCO (HERO MOTOCORP LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY AUTO
📊 Sector: Automobile and Auto Components
📊 Industry: Automobiles
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover.
📈 It is giving breakout of consolidation zone.
📈 Right now RSI is around 63.
⏱️ C.M.P 📑💰- 2913
🟢 Target 🎯🏆 - 3186
⚠️ Stoploss ☠️🚫 - 2812
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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HEROMOTOCO SHORTHero moto corp. broke down the trendline and is ready to fall
Great returns expected in this stock. Targets mentioned in the chart.
Safe SL can be around 2850 levels.
It is yet to give a re-test of the trendline.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.