Stock analysis - Hero Motocorp

Stock analysis - Hero Motocorp

Technical Analysis :

1. As shown above, this stock is trading between the channel represented by dark blue lines.
2. This stock is trading in a downtrend.
3. Stock is trading in between the channels it doesn't follow any other technical setup like double bottom or triple bottom.

1. Long term support for hero moto corp stock is at 2230.
2. The buy point for hero moto corp is near its long-term support level.
3. Potential reversal point for this stock is near 2250
4.  For trading, you can easily make money by following the channel strategy.
5. We can buy when the stock price touches the lower channel
6. We can sell the stock when the stock touches the upper channel. 
7. This stock follows the channel strategy.

How to find the reversal from the trend :

1. The stock price should break the channel at 2730.
2. The stock price should break the neckline represented purple byline at 2940
3. If stock price breaks the 2940 level stock price can touch the next resistance represented by the red line at 3400.
4. Check the delivery percentage of stock
5. If a traded value is increased also the delivery percentage is increased it confirms the breakout
6. If a traded value is increased and the delivery percentage is decreased it is a fake breakout
7. If no trade increased along with the traded value it is a fake breakout.

Supply and demand in the stock market

when did bull market start? identify the starting point of the bull market

Stock market learning - understand stock market rules and trade