Stock of the day : Hero Motocorp Ltd For Target Rs. 145 - Religare Broking
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Hero Motocorp Ltd
* After a steady uptrend for over 5 months, HEROMOTOCO is now showing some signs of trend reversal.
* It has reversed finding resistance around its previous breakdown zone which coincides with 61.8% retracement line.
* Stock has decisively closed below its short term moving average, i.e., 20, which had provided key support in the past.
* We thus recommend creating shorts through the Put option.
BUY 4500 PE Hero Motocorp Ltd CMP 89.90; Range 85-90; SL 58; Target 145
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SEBI Registration number is INZ000174330
