Hero Motors has taken long term support at 3175 - 3185 level . RSI shows hidden bullish divergence. Hidden bullish divergence occurs when price is making a higher low (HL), but the oscillator is making a lower low (LL). Buy hero motors above 3190 with the stoploss of 3175. Targets are 3285, 3315 and 3340.
Trade active
⋅
@ 3190
Trade closed: target reached
⋅
All targets reached on 5/2/17.
Comments
sandy
⋅
bullish bat has already been formed on daily charts so your 3285 bounce should be achieved in few trading session
vanathi
⋅
@sandy, Yes thats why i gave this call. Thank you for sharing your view.
I have a different view, but I gave you a like, any problem???? :D
vanathi
⋅
@padiyaraa, No, Like is for my analysis. Different view is because of your analysis :)
padiyara
⋅
@vanathi, That is a reasonable evaluation.
I raised this question purposefully, because,that may create a confusion,as at one place I am agreeing and same time I have posted a different view. Normally people are hesitant to press a like button.May be many are afraid to to put their pinon.
vanathi
⋅
@padiyaraa, People are too "kanjoos" to click like button :)