HEROMOTOCO trade ideas
HEROMOTOCORP TRADE OF THE WEEK (MISSED OPPORTUNITY)HEROMOTOCORP STOCK HAS FORMED BEARISH GARTLEY FORMATION ON H-1 CHART.
THE TRADE WAS IMPORTANT BECAUSE OF 2 REASONS:
1) STOCK HAD GAP DOWN FROM INR 1822 (20-MARCH-2020 CLOSE) ENTRY LEVEL OF GARTLEY FORMATION ENTRY INR: INR 1830
2) BOTH TARGETS OF GARTLEY FORMATION WOULD HAVE BEEN FILLED BY GAP FILLING TECHNIQUE.
GARTLEY FORMATION TRADE:
ENTRY SELL: INR 1830
STOP LOSS: INR 1893.90
TARGET-1: INR 1694.40
TARGET-2: INR 1610.60
brack below trandline some correctionin hourly chart stock trade in between trendlines if it bracks upto 30 points
Positional long HEROMOTOCOI am not a sebi registered analyst the views expressed her is my own and for my study purpose only. Please consult your personal financial advisor before investing. I am not responsible for your financial gains / losses.
HERO MOTO ON VERGE OF GIVING GOLDEN CROSS AFTER JAN 2018 HEROMOTO CORP ON VERGE OF GIVING GOLDEN CROSS AFTER CORRECTION BEGAN IN JAN 2018 ...
RISK REWARD IS FAVOURABLE AND MOST AUTO STOCKS GIVING GOLDEN CROSS COULD BE A SIGNAL OF OUT PERFORMANCE OF THIS
SECTOR FOR NEXT YEAR .. IF CLOSES BELOW 2450 THEN VIEW NEGATES
HERO MOTO CORPHERO MOTOCORP LTD (NO NEED TO HURRY)
BUY ABOVE 2854.40 (IF IT BREAK THIS LEVEL TREND REVERSAL IS EXPECTED)
WITH TARGET PRICE OF 3342.95
Market expecting good booster doze from FM?Price preceeds the news. The entire Auto space has bounced prior to the FM announcement today. This is bullish behavior. Could be the catalyst for an uptrend in Nifty Auto Stocks!
2740 is my level. Buy Hero as long it closes the week above 2740. Target 3300.
852 possibility of short but sl compulsoryanother possibility of becoming an w2 for uptrend (probability only 40%)
HEROMOTOCO Sell Near 2725-2730 SL 2750 TG 2690-2630-2550If Breakout over 2730-2750 and close then Upmove
