Stock of the day : Hero Motocorp Ltd Target Rs.110

2026-03-20 11:32:50 am | Source: Religare Broking Ltd

Stock of the day : Hero Motocorp Ltd Target Rs.110 - Religare Broking Ltd

News By Tags | #HeroMotoCorpLtd #AutoSector #TradingReport #ReligareBrokingLtd

Hero Motocorp Ltd

* HEROMOTOCO exhibits a weak technical structure, with price action sustaining below key moving averages, reinforcing a dominant bearish bias.

* The formation of successive lower highs and lower lows, coupled with rising volume on declines, signals persistent distribution and weak buying interest.

* The overall trend remains fragile and skewed to the downside, with pullbacks toward resistance likely to encounter renewed selling pressure.

* Participants should adopt a cautious stance, aligning strategies with prevailing market weakness.

BUY 5200 PE SELL 5000 PE Hero Motocorp Ltd CMP 64.05 Range 62-65 SL 40 Target 110

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Stock of the day : Hero Motocorp Ltd Target Rs.110 - Religare Broking Ltd

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