Price ActionTrend lines can be used to trade, if it closes beyond those trend lines trade can be taken respectively
HEROMOTOCO trade ideas
Hero Moto ::: Looking for a Break OutA Nice Cup & Handle Pattern on 30M time frame... looking for Breakout...
HeromotoCorpTriple bottom pattern on weekly chart
Stock price at accumulation phase
RSI showing strength at daily Chart.
Targets- Monthly/Quarterly- 2960-3100/3100-3250
A big move possible - Either SideThe Chart is pretty self-explanatory if you know the basics.
The script has formed a beautiful bearish head and shoulder pattern and is also forming a double bottom pattern from strong support (+ 38 Fibo Level) testing a make or break trendline (Yellow)
Either side break can give a super move given the market volatility.
DISCLAIMER: The ideas are merely for educational purposes. Please consult your financial advisors before taking any trade. Trade at your own risk.
A Good Risk to RewardNot much left to lost on the Script, Sound good as Fundamentally Having Ex-poser in EV Segment too, Do your Own Study before Entrying, Happy trading.
Heromotoco - Elliott wave analysis - C of (Y) waveit is in C of Y wave bearish as double zigzag cycle until price remains below 2952.
hero moto corpHero moto corp has support line reversal candle. Doji morning star. Tomorrow there will be gap up. good to invest and trade.
Resistance zoneIf it closes above the line, we can expect it to rise
Otherwise we can use this line as intraday sell zone
HeromotorCorpHeromotorCorp @20% correction. Pattern- Cup and handle. Upside breakout with good voloume can give atleast 4-5% return.
Call unwinding at near strike
Heromoto , strong supporting emergingHeromoto is having strong consolidation at 2900 levels , potential upside seen soon
Heromotoco : 29th June 2021 ( uptrend)hourly charts shows prices going up and RSI lower or almost at the same level. It is suggesting upmove from here.
HEROMOTO 8th-9th June outlookWith the breakout given on 4th June and retest completed on 7th June one can long Heromoto above 3075 with a stoploss of 3040-3035 for targets 3140 and 3200.
