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.
#HEROMOTOCO...
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a good movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
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...
--->> The stock is trending upwards with strong consolidation.
----->> now price reached the resistance .
------->> keep look at this level for continue or reversal downside. we have an another resistance at 2820 levels.
-Consolidation + Up move == reversal possible.
Observations:
---------->>the stock is trending upwards,
-------->>After a strong bearish gap down, price is moving upwards again from demand zone @2460-2440.
------>> keep track on this for further bullish continuation or likely to reversal from this zone.
we need further price action to be noticed, for reversal. As of now its bullish.
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...
HEROMOTOCO is reversing from near support zone. Please check 1 hours chart I will post after this, if it close resistance of 1 hour we may see it touch daily resistance zone marked here
Like, 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...
HeroMotocorp has been stuck in a range 2730-2900 levels for quite some time, its high time it breaks the levels and starts trading in a new range.
I would be interested if it breaks 2900 levels. This might not happen today, but possibly in this week.
Heromoto 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...
SNIPER 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...
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...
Heromotoco bounced from the support, and the current structure is of higher highs and higher lows, and sustaining these support levels, the stock could move towards 3350 and 3470 levels in the coming weeks.
Trade Type: positional
Long Term investment pick
All the key levels are mentioned in chart with Stop-loss and Targets
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
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...
