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BUY HERO MOTO | TARGET: Rs 3,050 | STOP LOSS: Rs 2,740
The recent correction in the market dragged the stock of Hero MotoCorp from the high of Rs 3,600 towards Rs 2,800, a nearly 20 per cent erosion from the top. Post this fall, the stock found support at the placement of Ichimoku Cloud on the weekly scale and that could be a demand zone. Also, we are witnessing a Bullish Hammer candlestick pattern on the weekly chart which indicates the possibility of strong reversal. Hence, traders are advised to buy the stock in the range of Rs
The recent correction in the market dragged the stock of Hero MotoCorp from the high of Rs 3,600 towards Rs 2,800, a nearly 20 per cent erosion from the top. Post this fall, the stock found support at the placement of Ichimoku Cloud on the weekly scale and that could be a demand zone. Also, we are witnessing a Bullish Hammer candlestick pattern on the weekly chart which indicates the possibility of strong reversal. Hence, traders are advised to buy the stock in the range of Rs
