Hero Motors - Potential Pull Back
Updated
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
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 wellTrade 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.
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