HERO MOTOCORPThis stock is entraring out parforme price range.
Now Weekly breakout level.
All technical indicators are positive.
HEROMOTOCO trade ideas
HERO MOTOCORPHi Good afternoon Guys!!
Today I took sell trade on Hero Motocorp I'll tell you why
1) it was in the channel as we can see on 15 min TM and there in is breakdown from the channel so after retest i placed sell order and Stop loss AND Target I have put on the chart it is going good as of now will wait till my target or 200 MA.
2) Nifty is very weaker today. AND I've placed my stop loss to breakeven.
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I'm posting this for only my history
1) took 1 trade in Hero motocorp, found 1 trade on nifty but i realize that it is gambling that I've done I thought market fallen 200 or 2% now but it was good level o support but should not trade on the basis of this mindset that's why it cost me my money and even if this trade makes me money i will be on breakeven so avoid this..
I have to wait for proper retest or breakout like this trade that'll make money and as well for long term i would make money.
any one who's reading they can let me know my mistakes so I can groww.
"Long HEROMOTOCORP"Heromotocorp looking Bullinsh above 2785 , Faliing trendline breaking with increasing volume , outperforming nifty
wait for close above 2785
HEROMOTCO 1W TFHEROMOTOCO is currently at a crucial level and ready to start it's upmove. With Good R:R , it is goood to enter at the current price.
CMP :- 2462
Target :- 3630
SL :- 2300
R:R :- 1:7
Also start trailing once it crosses 2600 and if it faces issues in braking 27-2800 level, you can book your profits else keep it running.
Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades. This is just for learning purpose.
heromoto corpdescriptions are given in the charts
heromoto is in the action mode there will be both side movement possible in the stock so you can go for buy or sell both side but i am bullish in the stock
HEROMOTOCO looking bullish with 25% upsideNSE:HEROMOTOCO weekly chart is showing breakout from falling channel (wedge-ish) pattern with good volumes. As long as we stay above 2700 (daily closing basis), we might see 3500/3600 levels in weeks to come. Keep an eye!
HEROMOTONSE:HEROMOTOCO
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HEROMOTOCORP SEllHEROMOTOCORP SEll for intraday trading if stock break the given support then we will enter in trade...
HEROMOTONSE:HEROMOTOCO
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
Go long Technical looks good.
Company managed to do better sale than last quarter.
PE is lower than compared to Ind PE.
(Undervalued)
Increase in the shareholder pattern, including dii and fii holdings. 🤞
HERO MOTOR CORP wedge pattern breakout happens and retested nearby support.
If RSI above 50 and it sustain price tent to move up. (based on historical event)
some negative:
1) nifty auto index is still in downtrend
2) from investing.com article:
The demand momentum for 2-wheeler remains weak, attributable to the lower end of the income group being more impacted due to the second Covid-19 wave, rising fuel costs, and price hikes by OEMs which has led to elevated levels of channel inventory
TARGET 1: 10 %
TARGET 2: 25 %
S L : 8 % (4% S L previous swing low, but nifty @ all time high if a retrenchment happen it will hit very easily. so that i prefer 8% as S L)
HEROMOTOCO 4hrbreakout done ! breakout done !
breakout done ! breakout done !
breakout done ! breakout done !
Heromoto - 15 mins positive divergencesReasonable valuations - ready for a good rally. Stock has been under performer. Couple of buy signals were triggered in last hour of trade yday
hammer 0n hero motorshammer seen on a down trend for hero motors...with volume confirmation, ig we one can look for a swing trade
