- 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...
Chart 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
NSE: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...
Symmetrical 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...
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 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
NSE: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
FWB:NSE : HEROMOTOCO Formed Inside Candle Pattern
Inside Candle Formed on Weekly Chart ..
Either Side Breakdown or Breakout is Possible
the Range is So Important
if Breaks Upside Then Possible Targets Are Marked
if Breaks Downside Then Possible Targets Are Marked
Hero made its all time high in Sept. 17. After a long consolidation, last week, it has given breakout and closing above 4100. Now this stock is ready to fly. I love when fundamentally strong companies gives technical breakouts. Its the best time to make wealth. I am recommending this stock from 2900, however, this is still a very good buy for an Investor.
There...
Leading motorcycle company got breakout after 7 year with all indicator bullets Rsi above 60 relative strength against nifty 50 is strong momentum already boiled eps revenue quarterly by quarterly good catch it
Wave 1 is a 5 Wave Impulse Sequence Structure in 6 Month chart, and Wave 2 is a 3 Wave Correction structure.
Wave 2 has retraced Wave 1 by 61.80% which suffices by the Elliot Wave Theory Correction rules.
Now Wave 3 is on and as per the Elliott Wave Theory and Fibo Extension Levels 161.80% is the minimum Wave 3 achieves, hence projection is Rs. 7793.20.
