Hero motor daily time period analysis
see chart
Weekly time analysis hero motor
Monthly time chart
The provided chart for Hero MotoCorp (NSE: HEROMOTOCO) is a daily time period chart showcasing Elliott Wave analysis. Here are some key observations:
Elliott Waves: The chart displays an Elliott Wave pattern with labeled waves 1 through 5, indicating a bullish impulse wave.
Support and Resistance: The stock has recently corrected after the 5th wave, potentially indicating a retracement.
Moving Averages: The price is above both the 50-day and 200-day moving averages, suggesting an overall uptrend.
Volume: Volume spikes align with wave 3 and wave 5, typically indicating stronger market participation during these waves.
For further detailed analysis, reviewing specific wave counts and Fibonacci retracement levels could provide more insights.
see chart
Weekly time analysis hero motor
Monthly time chart
The provided chart for Hero MotoCorp (NSE: HEROMOTOCO) is a daily time period chart showcasing Elliott Wave analysis. Here are some key observations:
Elliott Waves: The chart displays an Elliott Wave pattern with labeled waves 1 through 5, indicating a bullish impulse wave.
Support and Resistance: The stock has recently corrected after the 5th wave, potentially indicating a retracement.
Moving Averages: The price is above both the 50-day and 200-day moving averages, suggesting an overall uptrend.
Volume: Volume spikes align with wave 3 and wave 5, typically indicating stronger market participation during these waves.
For further detailed analysis, reviewing specific wave counts and Fibonacci retracement levels could provide more insights.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.