HEROMOTO WAVE 3 IS ONN

https://www.tradingview.com/x/RJGsSyBl/

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

https://www.tradingview.com/x/OVzOpWJI/

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

https://www.tradingview.com/x/ud6d5s1h/

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.