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Heromotocolong

HEROMOTOCO : Building Momentum from Correction Lows HERO MOTOCORP Learning Points: Wave Analysis: Wave C zones typically offer high-probability reversals. Golden Retracement Zone: The Fibonacci 50%–78.6% zone is a critical demand area. Demand and Supply Dynamics: Understanding these zones improves entry and exit precision. Trading Plan: Entry Strategy: Enter between ₹4560–₹4688, within the Golden Retracement Zone for Wave C correction. Confirmation from bullish divergence or candlestick patterns is key. Stop-Loss Placement: ₹4540, slightly below the Golden Retracement Zone. Target Strategy: Short-Term: ₹4950–₹4995, a supply zone. Swing Target: ₹5106, aligning with Wave C completion and Fibonacci extensions. Predictions: A reversal from ₹4560–₹4688 is expected, targeting ₹5106. Demand confirmation is essential before entering. Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Conduct your research or consult a financial advisor before trading.
NSE:HEROMOTOCOLong
by LiveTradingBox
hero **Chart Overview:** **Stock:** Hero MotoCorp Ltd. (NSE: HEROMOTOCO). - **Indicators:** **EMA (Exponential Moving Average)**: - 9-period EMA: \(5,759.37\) 21-period EMA: \(5,618.91\) - 50-period EMA: \(5,472.63\) **200-period SMA (Simple Moving Average):** \(4,788.98\) **Volumes**: Shown below the price chart, indicating trading activity. **Highlighted Levels:** **18th June 2024**: The price touched a resistance level, as indicated by the orange circle. The price struggled to break through that level. **10th September 2024**: Again, the price tested this resistance level and initially rejected it but managed to make a new attempt to break above in the current phase. The **horizontal line** shows the resistance level around \(5,860 - 5,961\), which the price is trying to break. **Analysis of Last Three Candles:** 1. **Candle 1 (Two days ago)**: **Small Body, Small Wicks**: Indicates a **doji**-like candle, showing indecision in the market as the price consolidates at the resistance level. **Volume** : Low volume during this session could suggest a lack of strong conviction from buyers or sellers. 2. **Candle 2 (Yesterday)* *: **Green Candle** : Indicates a bullish move, as the closing price was higher than the opening price. **Medium Wick on Top* *: Suggests some selling pressure near the end of the session, with buyers unable to close at the day’s high. **Volume** : Increasing volume compared to the prior session, signaling growing interest from buyers as the stock tries to break resistance. 3. **Candle 3 (Today)**: **Strong Green Candle** : This is a large bullish candle with little to no wick on top, signaling that buyers were in full control throughout the day, pushing the price significantly higher. **Volume** : High volume compared to previous days, confirming the bullish momentum and increasing the likelihood of a breakout above the resistance level. **Conclusion from Last Three Candles:** The stock has made two attempts (June and September) to break the resistance level around \(5,860 - 5,961\), and the third candle (today) shows a strong breakout attempt with substantial volume. This indicates that the stock might be gaining bullish momentum and could sustain a breakout if buying pressure continues.
NSE:HEROMOTOCOLong
by investigationofchart
NSE HEROMOTOCO: Are Bulls Strong Enough to Sustain Impulse?Timeframe: 30 min Brief analysis: HEROMOTOCO has started a five-wave impulse cycle from the low of 2745.5. Price has accomplished wave Y of wave (4) and started impulsive wave (5). Buyers will have an opportunity with a captivating risk reward to ride the trend after confirmation for the following targets: 3167 – 3210 – 3260+ . In-depth analysis: NSE HEROMOTOCO has formed an impulsive cycle after an extreme low. In this case, the security is trading above the 20,50, 100, and 200 EMAs, which indicates that the bulls are in control. The formation of wave two was a running flat which retraced 0.618% of wave (1) at 2795. The third wave was an extensive wave that extended 3.618% of wave 1. Wave 4 has formed a double zigzag formation with wave W-X-Y, in which wave W was a zigzag, and wave Y is an expanding triangle. The retracement of wave (4) is 0.382 of wave 3. Currently, the price has broken out and traded above wave d, which signals that the big move is about to unfold. Corrective structure always holds by either wave X or B-D trendline in expanding triangle. The price can take a retracement if the demand is growing with low volume. If the price breaks out at 3131, traders can initiate a long position for the following targets: 3167 – 3210 – 3260+ . The setup will be invalid after the breakdown of wave e. Target measurements: 100% Reverse Fibonacci of the 4th wave at 3208, and 38.2% extension of wave 1 through the 3rd wave at 3212. 50% Fibonacci extension of wave 1 through 3rd wave at 3261. Nearby high of wave B at 3167. We will update further information soon.
NSE:HEROMOTOCOLong
by forextidings
HEROMOTOCO : daily & Hourly HEROMOTOCO is reversing from near support zone on daily chart posted before. IN hourly chart, high chances to touch 2547 resistance zone. if its able to cross it we may see good movement. for me, its good time to enter ifLike, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing First Learn and then remove "L". trading near support zone with small stop.
NSE:HEROMOTOCOLong
by ChartsSpecialist
HEROMOTO CO LONGHeromoto corp forming a double bottom formation. Good to track this stock in coming days for a big bullish move. Wait for 2450 level to be taken out and after that once can expect some good returns in this stock. Trade safe. Manage risk. Be profitable. Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries. Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
NSE:HEROMOTOCOLong
by simple_trader2022
HERO MOTOCORP LTD Daily TimeframeSNIPER STRATEGY This magical strategy works like a clock on almost any charts Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading. It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave. The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes. Start believing in this strategy because it will reward believers with huge profit. There is a lot more about this strategy. It can predict and also it can give you almost exact buy or sell time on the spot. I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
NSE:HEROMOTOCOLong
by hadimozayan
HEROMOTO CORP Hello Welcome to this analysis about HEROMOTO CORP , we are looking at daily timeframe perspectives. HEROMOTO CORP in recent timesdicreased with bearishness however it now moved into an oversold condition. HEROMOTO CORP is developing here that will be a decisive factor in the upcoming times. I discovered the main formation HEROMOTO CORP is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how HEROMOTO CORP has emerged with this key ascending-wedge-formation marked in my chart with the black boundaries. HEROMOTO CORP is near support region which is an important support and also psychological support-mark together with the lower-boundary of the ascending-channel-formation a pullback In this manner, thank you for watching my update-analysis about HEROMOTO CORP and its major ascending-wedge-formation with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
NSE:HEROMOTOCOLong
by shanechart
2
Bull Flag Pattern in HEROMOTOCO (Short term Swing Trade)This analysis is purely on price action and chart patterns. Trade opportunity is for short term swing. But since the sector is expected to be bullish in coming years, it can be used for investment opportunity too. Trade Strategy is explained in image itself. Traders can either wait for the pull back and then enter at around 3573 and below *OR* Risk averse traders can enter on the high of the candle as well. SL is given in image itself.. SL needs to be trailed accordingly. *Trade should be taken at your own risk and money management* Feel Free to comment your queries or suggestion in comments.
NSE:HEROMOTOCOLong
by AdityaKarn90