Hyundai Motor India Limited
Long
Updated

HYUNDAI: Looks good for 20% upside potential

872
⚡️Price Analysis:
1️⃣ Price showing strength.
2️⃣ Price structure is bullish.
3️⃣ Double bottom formation confirming support buildup.
4️⃣ Broke the ATH resistance level.

✨ Key Observations:

➡️ RRR favourable at CMP.
➡️ Price did retest of the trendline confirming strength.
➡️ Post 2000 it should continue to move with strength & momentum. 2000 is a crucial price point (IPO price).
➡️ 1800 levels will act as a good support

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⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️

💬 Share your thoughts in the comments below! ✌️

🔥 Trade Safe! ✅ 🚀
Trade active
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Trade closed: target reached
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BEAUTY! Momentum kicked just after the entry and went straight up to hit the targets without any major pullbacks. Nothing more one can expect as a trader. 🫡
Next TP can be expected around 2400 levels

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Note
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You should know when take an exit. Hence, profit booking is equally important!
Profit/loss is not ours until we book it.

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