HEROMOTOCO - Flag and Pole - Breakout -Daily

HEROMOTOCO - Flag and Pole - Breakout -Daily

Name - HEROMOTOCO
Pattern - Flag and Pole
Timeframe - Daily
Status - Breakout
Volume - Good
Cmp - 5578
Target - 7145
SL - 5266

Pattern : Flag and pole
The flag and pole pattern is a popular technical analysis tool used by traders to identify potential continuation of a trend. Here’s a breakdown of its components:

Flagpole: This is the initial sharp price movement, either upward or downward.
Flag: Following the flagpole, the price consolidates in a small range, forming a rectangular shape that resembles a flag.
Key Characteristics:
Continuation Pattern: It indicates that the prevailing trend is likely to continue after the consolidation phase.
Volume: Typically, the volume decreases during the flag formation and increases again when the price breaks out of the flag.
Trend Direction: The pattern can be bullish (upward trend) or bearish (downward trend).

Fundamental ratios:
Here are some key fundamental ratios for Hero MotoCorp Ltd. (HEROMOTOCO):

Profitability Ratios:
Return on Equity (ROE): 18.5%
Return on Capital Employed (ROCE): 22.3%
Net Profit Margin: 10.4%

Valuation Ratios:
Price to Earnings (P/E) Ratio: 19.2
Price to Sales (P/S) Ratio: 2.75
Enterprise Value to EBITDA (EV/EBITDA): 19.18

Solvency Ratios:
Debt to Equity Ratio: 0.05
Current Ratio: 1.5
Efficiency Ratios:
Asset Turnover Ratio: 1.2
Inventory Turnover Ratio: 5.3