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WavesandZones

HEROMOTO WAVE 3 IS ONN

Long
HERO MOTOCORP LTD (NSE:HEROMOTOCO)  
WavesandZones  
NSE:HEROMOTOCO   HERO MOTOCORP LTD
Elliott Wave Supply and Demand Trend Analysis heromotocorp HEROMOTOCO heromoto heromotocolong heromotocobuy heromotors heromotorspositional heromotorsbuytrade heromotocorplong
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elliottwaves supplyanddemand trendanalysis heromotocorp heromotoco heromoto heromotocolong heromotocobuy heromotors heromotorspositional heromotorsbuytrade heromotocorplong
snapshot

Wave 1 is a 5 Wave Impulse Sequence Structure in 6 Month chart, and Wave 2 is a 3 Wave Correction structure.

snapshot

Wave 2 has retraced Wave 1 by 61.80% which suffices by the Elliot Wave Theory Correction rules.

snapshot

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.


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