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There are heavy chance that most of...
Premise:
Currently sitting at weekly support zone on a high volume node.
Setups:
Make of the chart as you like, I personally am more inclined to let the stock fall below current demand block and would look for shorts on a retest of it as the primary trend is downwards and auto industry sales have been on a decline.
Target would be around 2300-2350 range...
Hero Moto Has formed bullish divergence on Weekly Chart and price is also forming Bullish Candlstick Pattern which tells us that price has next stop of 2800. Risk Reward is more than 1:7
In this channel since 2008.
After hitting the bottom of this channel, it double the money in 2 years or less.
Bullish Divergence is observed as it is approaching the bottom of this channel.
