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Technical Trading Idea
* Hero Motocorp is showing tremendous strength from last two sessions and made a higher high – higher low sequence on daily chart, which is a positive sign as per Dow Theory. We are witnessing a Triangle breakout on hourly chart, which certainly bodes well for the bulls. RSI oscillator also showed a positive divergence on daily scale.
* Looking at current chart structure, we may see a bounce towards 1925 levels. Thus, traders are advised to buy the stock with stop-loss of 1770.
Buy Hero Motocorp Ltd 2-3 Days SL 1770 Target 1925 CMP 1822
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