Stock Pick : Buy Hero Motocorp LtdFor Target Rs.2,810 - Jainam Share Consultants
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/07/3ec2b8c6053bf528affee4eebd2469a8.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Technical Observation
* The stock price closed at Rs.2831 on 6July 2022. It made a 52 week High at 2954.
* After making 52 week low around 2146} the price is making higher high-lo formation on daily time frame.
* Currently the stock has given Flag chart pattern breakout which is a_ bullish breakout. The breakout was seen with] above average volume. During Pole formation, the volume was very high and during flag formation the volume was very low as it shows less selling interest.
* The momentum indicator is also above 60} level which is in a bullish territory, that} indicates bullish momentum at current level.
* We expect the stock price to continue its}current bullish momentum and head| towards 2980-2995 levels considering the current price action.
Chart of the Week
STOCK NAME : Heromoto CMP : 2831 BUY @ 2810 TGT : 2980-2995 SL : 2683 HOLDING PERIOD : 10-15 Days
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Indian Railway_98.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/OilIndialtd26feb.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/PowerSector_09Feb.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Tradebull Securities.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/indian stock market.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/navy23.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Federal Bank.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/ICICI Direct IMAGE.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/navy23.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/06/d4dd06d3c4f93e880c12e62d187b6c5e.jpg)
Buy Voltas Ltd 980 PE For Target Rs.50 - Religare Broking
![Trilogy for the month : Astec LifeSciences Ltd, Dixon Technologies India Ltd, Adani Ports and Special Economic Zone Ltd By LKP Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/06/3dbada75be1ad50464a128d1ccf22704.jpg)
![Buy Hindustan Construction Company @ 51.5 with a target of 59.5 and a stop loss at 47.5 by Choice Broking](https://portfolio.investmentguruindia.com/uploads/news/Choice Broking.jpg)
![Buy Nippon Life India Asset Management Ltd For Target Rs. 348 - Religare Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/02/7a288187fba62f84a72fb26cce9f4957.jpg)