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vt_trader
Feb 15, 2023 11:17 AM

Heromotocorp Triple Bottom Pattern Long

HERO MOTOCORP LTDNSE

Description

HEROMOTOCO is near support zone on hourly chart.

Entry
We can go long when price makes strong bullish candle near support zone.

Target
Target will be the next resistance zone, as marked on the chart.

Stoploss
Stoploss will be below the support zone.


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Comments
johntradingwick
Hi,

This publication has been chosen for the Editor's Picks and will feature on the page in.tradingview.com/ideas/editors-picks/.

Thank you for your valuable contribution to the TradingView community and keep up the good work!
vt_trader
@johntradingwick, thank you
stock-marketing
I am Bullish on HERO MOTOCORP
vt_trader
@stock-marketing, Good to know
stock-marketing
Good Setup
vt_trader
@stock-marketing, Thank you
abhinesh91
The profits of heromoto corp has not increased since 2015. Unless they give a massive profit or introduce a game changing bike or technology, the stock is unlikely to move upwards from the range it is following.
But as you mentioned for a swing it is a good setup.
vivekthakur_
@abhinesh91, you are right
MAvasisthaabbott
Good one...nicely explained
vt_trader
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