Hero Motors BullishHero motors formed breakout trade above yesterday high 5625, resistance level 5825 and 6200 and support is 5390.
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
What are your thoughts? Feel free to comment. If it helped, Do Leave us a boost 🚀
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.
HEROMOTOCO Long OpportunityWe can go long from current level.This is very strong buying zone of institutional (Big Player).
Trade or Investment at your own risk.
I am not SEBI registered.
#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_* 🤓
Time to book profit in Hero Motocorp?
IT may go up from here few more points, but sell siganl at point is a warning for it to have reached current upswing high, so i think we should book profit . What you do youthink?
5th wave play in Hero MotoIf you understand Elliott waves, the chart labelling is self explanatory.
A textbook Elliott wave impulse pattern with missing 5th wave of the 3rd wave.
Thanks for reading, will update as price develops further.
hero moto stock breakout and movingthis is my personal view for short & long term hero moto stock break clearly and now it moving on target levels.their was channel break out like a,b,c formation
hero moto stock breakout and movingthis is my personal view for short & long term hero moto stock break clearly and now it moving on target levels.their was channel break out like a,b,c formation
HEROMOTOCO, Bull FlagPotential upside, Hero MotorCorp seems to be coming out of a bull flag.
Target at 5500, Stoploss at 4400
buy Hero Motocorp?
Hero seems to have completed its downward swing. I think it i stime to take long position for 5-10% gain.
HEROMOTOCO may remain in range bound some more timeChart and RSI is showing range bound for Hero motor, stock is at buying Zone, once brake the resistance of RS. 4730 with volume can achieve target of Rs. 4840
Information is only for Educational purpose, no recommendation for Buy or Sell
My view on Heromotoco Double bottom breakdown
Possible in Heromotoco
Looking tgt 4450-4400-4350++
Keeping on radar Heromotoco 4400 PE
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.
Gap down and stayed down- Hero Motocorp, ready for profit bookin
Downward movement started couple of days ago and today it was gap down opening with little effort for recovery.I think profit booking from here may start and give 3-5% on the downside.
HEROMOTOR will give 10% Retuns ? cmp 3963 HEROMOTOR cmp 3963 with the Target of 4171, 4249, 4325.
Sustaining over the daily support levels, can return from the current levels.
Support 3912 - 3963 , Resistance 4162 - 4188
9.5% Upside Potential
HeromotorCop Weekly Continuous Movement Heromotorcop is continuously moving upside
postive RSI
Positive Volume
500 points stretch possible
strict SL
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
