Hero Motors - Potential Pull Back

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.
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.


Welcome back Neetesh, good to see you again
+1 Reply
@MCM99, Thanks mate, same here
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.
Baljit88 Baljit88
@Baljit88, I think pullback here is just an gambling ??
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
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
Welcome, after a long gap!!
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out