Stock of the day : Hero Motocorp Ltd For Target Rs. 145 - Religare Broking
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
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
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ000174330
