HEROMOTOCO - CONSOLIDATION BREAKOUT 📊 Script: HEROMOTOCO (HERO MOTOCORP LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY AUTO
📊 Sector: Automobile and Auto Components
📊 Industry: Automobiles
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover.
📈 It is giving breakout of consolidation zone.
📈 Right now RSI is around 63.
⏱️ C.M.P 📑💰- 2913
🟢 Target 🎯🏆 - 3186
⚠️ Stoploss ☠️🚫 - 2812
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Heromotocorp
HEROMOTOCO SHORTHero moto corp. broke down the trendline and is ready to fall
Great returns expected in this stock. Targets mentioned in the chart.
Safe SL can be around 2850 levels.
It is yet to give a re-test of the trendline.
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.
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.
Heromotors - Long setupExtremely Bullish charts on both daily and weekly timeframes
HeroMotors is almost debt free with a good dividend yield of nearly 3%.
Good ROE and consistent track record for paying healthy dividends
From a technical standpoint, price is sitting on 200 Weekly Moving Average and right below the 200 Day Moving Average. Weekly MA will act as support and Daily may try and act like resistance zone
RSI is peaking up and bullish undertone on both daily and weekly charts. Look for a break above 3000 for a potential target near 3600 levels.
PLs do your own analysis before you take the trades
HERO MOTO CORP as on 25.09.2021FORMING A FALLING WEDGE PATTERN!
Wait for a true BREAKOUT!
as its a reversal pattern so wait for pullback and go for target!
TARGET=3629/3680
SL=2765/2735
BREAKOUT CAN TAKE TIME!
Monthly demand and supply giving good support with POC!
200 EMA and 50 EMA giving a strong support!
CAN TAKE HELP OF PIVOTS AND MACD!
WAIT AND HOLD FOR BIG TARGET AFTER BREAKOUT1
(the above analysis is only for study purpose do not take it as any buy or sell call!!)
HERO MOTOCORP LTD Daily TimeframeSNIPER STRATEGY
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