Stock of the day : Hero Motocorp Ltd For Target Rs.3,360 - Religare Broking Ltd
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Hero Motocorp Ltd
* Seeing mixed trend within the auto pack. Heromotoco is seeing base formation.
* It has been consolidating within the 2900-3250 zone. Holding strongly above 20 EMA.
* Indications are in the favor of a fresh breakout. Recovery likely in auto index too.
* We thus recommend creating fresh longs in the mentioned zone.
BUY Hero Motocorp Ltd CMP 3166.50; Range 3165-3170; SL 3080; Target 3360
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