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
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.
bullishpullbackChart PatternsheromotocorpSupport and ResistanceWave Analysis

Related publications

Disclaimer