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NeeteshJain
Mar 25, 2020 6:24 PM

Hero Motors - Potential Pull Back  Long

HERO MOTOCORP LTDNSE

Description

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
MCM99
Welcome back Neetesh, good to see you again
NeeteshJain
@MCM99, Thanks mate, same here
Baljit88
the reason behind this buy call??
NeeteshJain
@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, I think pullback here is just an gambling ??
ShreeKrishna
well most of your previous post have failed miserably , i am really no sure about this too , its my personal opinion
NeeteshJain
@ShreeKrishna, That is true, hope this time I maintain the continuity in order to get things right. Appreciate your opinion
TheChauhansView
Hi Neetesh, Long time no see.. happy to see you back and here i am immediately writing this.. Cheers.
NeeteshJain
@chauhan_rich, Thanks mate, good to be back too
Trade-Wealth
Welcome, after a long gap!!
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