HEROMOTOCO trade ideas
HeroMotor in ChannelHero Motor cop in a parallel channel. As per the Harmonic, it is in a reversal zone in the range of 2410 - 2440. I expect a high chance to broke down. If breaks upside and close above 2530 It will give good moves on an upside, for that it closing price should stay in the above of 2530 minimum 1hr candle.
HERO MOTOCORP HEAD AND SHOULDERS BUY OPPORTUNITYHERO MOTOCORP STOCK MAY FORM INVERTED HEAD AND SHOULDERS ON H-1 CHART. THE HEAD OF POTENTIAL HEAD AND SHOULDERS PATTERN HAS FORMED AT THE PSYCHOLOGICAL LEVEL OF INR 2000 MARK. PRICE LEVEL OF INR 2000 WAS HELD AS RESISTANCE ON DAILY CHART ON 09 & 13 APRIL 2020, WHICH MAY ACT AS SUPPORT AND CHART MAY COMPLETE REVERSAL FORMATION "HEAD AND SHOULDERS". THIS PATTERN SUGGESTS THAT STOCK HAS POTENTIAL TO GO UP.
ENTRY: INR 2060 TO INR 2040 (WAIT FOR REVERSAL TO THE UP SIDE IN THIS RANGE ON H-1 CHART)
STOP LOSS: INR 1960
TARGET-1: INR 2130 (RETEST OF NECK LINE)
TARGET-2: INR 2200 (RE-TEST OF PREVIOUS STRUCTURE RESISTANCE)
HEROMOTOCO - Wait for a pullback for any fresh entry in stockHEROMOTOCO
Stock now have a good support in the range of 2020 -2060, hence any pullback would be a opportunity to enter longs in the said range as mentioned above.
Any move above 2100 would see 100 points fast jump in the stock.
This view will be negated below 2020
Hero motocorp : Lets understand in multiple time frameHello Guys,
Let's understand Heromoto cop in bigger and multiple time frame
Monthly time frame: Look bullish toward control price Volume increases, Touches lower value in the monthly chart
Weekly Time Frame
I am seen totally bullish in all time frame toward 2200-2400 level soon.......
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