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06-08-2024 10:35 AM | Source: Religare Broking
Stock of the day : Hero Motocorp Ltd For Target Rs. 225 - Religare Broking
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Hero Motocorp Ltd
* After a steady up move, HEROMOTOCO is now showing some signs of trend reversal.
* The stock has registered a breakdown from a distribution phase which lasted for over a month.
* It has also slipped below its short term moving averages suggesting weakness in trend.
* We thus recommend creating shorts through Put option.
Buy Hero Motocorp Ltd CMP 126.60 Range 123-127 SL 75 Target 225
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