 "he stock of Hero MotoCorp has corrected well from the peak of 3620 levels and has currently shown signs of bottoming out")
BUY HDFC AMC | CMP: Rs 2,929 | Target: Rs 3,350-3,400 | Stop Loss: Rs 2,770
The stock has made a good base near 2,770 levels taking support on thrice occasions and reversing from that level. The RSI has also improved its bias and with the stock moving above the 50-EMA level of 2,935, it has further shown strength. We anticipate further upward movement in the coming days. We suggest to buy and accumulate the stock for an upside target of 3,350-3,400, keeping the stop loss of 2,770. CLICK HERE FOR THE CHART
BUY HERO MOTOCO |
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