TradingWithRahul

Double bottom or W pattern in HEROMOTO

Long
NSE:HEROMOTOCO   HERO MOTOCORP LTD
HERO MOTO has made a double bottom pattern and is looking bullish now. Can be bought for the 1st target of 3050 and 2nd target of 3500. CMP-2840. SL will be 2720 on a closing basis. 5:1 RISK-REWARD ratio. HIT the like button if you liked my analysis and do FOLLOW for regular swing trading ideas.

Comments

Ya. I hope it reach the targets.
Reply
@RajaSekharVelisetti It has been consolidating since few months now and we can expect some good upmove. Fundamentally stock is great and must have in portfolio.
+1 Reply