NeeteshJain
Long

Hero Motors - Potential Pull Back

NSE:HEROMOTOCO   HERO MOTOCORP LTD
As observed on the chart, the price action reached to monthly level support zone , stayed and made a double bottom followed by bullish divergence , indicating a strong pullback from current levels.
As per my analysis, it may move up to the following targets
T1- 2000 (1:2)
T2-2200 (1:4)
SL- 1500

Kindly do your due diligence before taking any action.
Thanks
Trade active: Going well
Trade closed: target reached: Target 1 reached
Now the stock is up by 20%
Booked Partial profits and changed stop loss to 1850 to achieve T2.

Comments

Welcome back Neetesh, good to see you again
+1 Reply
@MCM99, Thanks mate, same here
Reply
the reason behind this buy call??
+1 Reply
NeeteshJain Baljit88
@Baljit88, As we could see a sharp downfall in Hero, a pullback is due which is a reason to buy at current levels.
Reply
Baljit88 Baljit88
@Baljit88, I think pullback here is just an gambling ??
Reply
well most of your previous post have failed miserably , i am really no sure about this too , its my personal opinion
+1 Reply
NeeteshJain ShreeKrishna
@ShreeKrishna, That is true, hope this time I maintain the continuity in order to get things right. Appreciate your opinion
Reply
Hi Neetesh, Long time no see.. happy to see you back and here i am immediately writing this.. Cheers.
+1 Reply
NeeteshJain WavesFibTradingPro
@WavesFibTradingPro, Thanks mate, good to be back too
Reply
Welcome, after a long gap!!
+1 Reply
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