HEROMOTOCO trade ideas
HeromotocoNSE:HEROMOTOCO
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Hero Moto Weds Harley Davidson !!- This is one beautiful price action. One that we see in a textbook.
- 1.7 years of Pure range-bound market - Support and resistance respected.
- A retracement prior to breakout - Weak hands are moved out
- A strong breakout beyond the 3000 mark - The psychological level was no match today.
- Although, A sustenance above it is crucial for the momentum to continue.
- This had a role to play in today's momentum:
www.forbesindia.com
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Disclaimer: We are not registered advisors. The views expressed here are solely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong :)
Hero Motor Elliot Wave AnalysisHero motor daily time period analysis
see chart
Weekly time analysis hero motor
Monthly time chart
The provided chart for Hero MotoCorp (NSE: HEROMOTOCO) is a daily time period chart showcasing Elliott Wave analysis. Here are some key observations:
Elliott Waves: The chart displays an Elliott Wave pattern with labeled waves 1 through 5, indicating a bullish impulse wave.
Support and Resistance: The stock has recently corrected after the 5th wave, potentially indicating a retracement.
Moving Averages: The price is above both the 50-day and 200-day moving averages, suggesting an overall uptrend.
Volume: Volume spikes align with wave 3 and wave 5, typically indicating stronger market participation during these waves.
For further detailed analysis, reviewing specific wave counts and Fibonacci retracement levels could provide more insights.
#Heromoto 4th time tested 4950, above 4955 fatega kya?Heromoto since Feb'24 4th time has tested the fib resistance of 4954.A day close above 4954 can take this stock towards 1) 510 2)5177 3)5329 4)5473, below 4632 will be exit for me. Since my indicator is also not giving any negative signs, I have high hopes from this setup. Only thing is weakness in overall market can affect it. Lets see
sell at zone ~ intradayexpecting small fall from the zone . look for confirmation inside zone in smaller tf.
- good for intraday trade
- entry inside zone
- sl is day close above zone
- for target draw fib retracement from C to latest swing high , use 0.236 fib as tgt 1 (safe place for intraday), 0.382 as tgt 2 (risk takers).
- don't trade , if u didn't get selling confirmation inside zone
- if day close is above this zone , this pattern becomes invalid.
Hero Motocorp Ltd *Hero Motocorp Ltd*
Rising P&F on Monthly Basis.
Strong Price BreakOut & Sustained.
Strong Vol Consolidation & Continued Traction.
EMAs: Widening Gaps amongst 20/ 50/ 100/ 200 levels.
RSI: 1H<D<W<M. However, all in Bullish Zone.
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
*Do Your Own Research as well. This is an Opinion.*
*_Happy Investing_* 🤓
Low risk entry on HEROMOTOCOSymmetrical triangle formed on daily chart. Price broke out of resistance and successfully retested now support previous resistance line. Also noted low volume when price were falling with prior runup on price before formation of triangle chart pattern. Formation of hammer candlestick on bottom of support trendline indicates strong buying. Good short term opportunity.
Disclaimer: I am not a SEBI registered consultant. This is not a buying or selling recommendation. Above information is just my view and is meant for educational purpose only. Please consult your financial advisor before making any trade.
heromotocoNSE:HEROMOTOCO
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose