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Hero Honda Motors
Hero honda down target=580....
Posted by :
winwathTracked by: 0 Boarder
nothing on HHM - Waiting for the the right entry point. I will short this one tomorrow or maybe day after - especially if it bounces to its high of 888.
Even if they announce buy back or divident or whatever - I do not foresee this surpassing 888
This my dear friend is heading south....
In reply to:
Hero honda down target=580....
Posted by :
Guest
So .. How much did you make ? 
Hero honda down target=580....
Posted by : winwathTracked by: 0 Boarder
Did u expect it to run down to 680 today itself? nice joke
This is a great company - A very well managed one - Their sales are up close to 22% even when other auto/motorcycle makers experience drop is sales. Company has enough cash to surive the economic downturn even if it lasts for over 18 months.
Company has Zero long term debt - and does not have to pay any interest. Short term debt is less than 150 crores - mostly payments to suppliers. Company has assets, reserve and cash to the tune of 5000 crores.
However, their returns on avg capital employed has come down from over 90% to about 50%. This means - when company spends Rs 100.00 - it was getting back Rs 190. Now it gets back only Rs 150.00 implying that cost of doing business is going up - or management is not doing an efficient job - or their marketing is not aggressive - or a lot of wastage in production - Could be any reason.
As a chartist - I dont really care or worry about the reason. Whatever they may be.
HHM made low of 638.10 on Aug 5 (closing basis) then it rallied all the way till Aug 05 when it reached a high of 828.90 (cosing basis)
It then pulled back to its 20 EMA the next few days and rallied again to make new highs - 820.70 on Sep 4. It then pulled back to its 50 EMA around 826. The pull back lasted from Sep 9 - Sep 23. On Sep 24 - it broke above all its EMA (5 day, 10day, 20day and 50day) and closed at 844.20 - well above its EMAs. A very good sign under normal circumstance.
When HHM made new highs of 888.30 on Oct 3. there were lots of divergences between the price movement upward and other indicators.
Negetive divergences in MACD - CCI - CMF and Money flow index have all given negetive signals.
This stock cannot go beyond 888.00 (double top resistence). If it does - I would be a buyer. If it closed 888 or above - My target on this one is 980.00 short term.
This is heading south - because of the divergences. Plus currently all of its EMAs have turned south too.
I will short this at current levels and buy back - 740 - my first donwside target - then use trailing stops to get out at 680.00
Always - bet with your head - not your heart. Do not be attached to stocks - emotionally
...
In reply to:
Hero honda down target=580....
Posted by : Guest
Please give a timeline to your down target.
I observe the stock is gaining ground among all the turbulence. Buyback/bonus may be announced.
See the performance since your announcements.
Hero honda down target=580....
Posted by : GuestTracked by: 0 Boarder
So .. How much did you make ?...
In reply to:
Hero honda down target=580....
Posted by : marketman
The stock of hero honda giving good oppurtunity for fiis to exit in smooth manner.... domestic funds too joing the sellers to meet their rdemptions if any.... analysts expecting the down ward target of 580 in coming sessions.... pl note that the scrip did not fall much in recent turmoil.... so,now investors taking oppurtunity to sell....
Hero honda down target=580....
Posted by : GuestTracked by: 0 Boarder
Please give a timeline to your down target.
I observe the stock is gaining ground among all the turbulence. Buyback/bonus may be announced.
See the performance since your announcements....
In reply to:
Hero honda down target=580....
Posted by : winwath
at 825.00 they dare not announce it. Perhaphs close to 600 - they may.
Market does not care for assests of a company. It is the market that forces a lot of companies to liquidate their assests to just survive the market`s onslaught.
Market is the king or queen. Play by his/her rules if you want to survive
Hero honda down target=580....
Posted by : winwathTracked by: 0 Boarder
at 825.00 they dare not announce it. Perhaphs close to 600 - they may.
Market does not care for assests of a company. It is the market that forces a lot of companies to liquidate their assests to just survive the market`s onslaught.
Market is the king or queen. Play by his/her rules if you want to survive...
In reply to:
Hero honda down target=580....
Posted by : Guest
Have you seen the assets side of HHM`s Balance Sheet. What if they announce a buy-back ?
Hero honda down target=580....
Posted by : GuestTracked by: 0 Boarder
Have you seen the assets side of HHM`s Balance Sheet. What if they announce a buy-back ?...
In reply to:
Hero honda down target=580....
Posted by : winwath
right on marketma - money flow does confirm that big guys are dumping - methodically
I would beg to differ with your target though. I would place that around 680 :)
Hero honda down target=580....
Posted by : winwathTracked by: 0 Boarder
right on marketma - money flow does confirm that big guys are dumping - methodically
I would beg to differ with your target though. I would place that around 680 :)...
In reply to:
Hero honda down target=580....
Posted by : marketman
The stock of hero honda giving good oppurtunity for fiis to exit in smooth manner.... domestic funds too joing the sellers to meet their rdemptions if any.... analysts expecting the down ward target of 580 in coming sessions.... pl note that the scrip did not fall much in recent turmoil.... so,now investors taking oppurtunity to sell....
Hero honda down target=580....
Posted by : marketmanTracked by: 0 Boarder
The stock of hero honda giving good oppurtunity for fiis to exit in smooth manner.... domestic funds too joing the sellers to meet their rdemptions if any.... analysts expecting the down ward target of 580 in coming sessions.... pl note that the scrip did not fall much in recent turmoil.... so,now investors taking oppurtunity to sell.......
BSE Announcements on Hero Honda
Posted by : GuestTracked by: 0 Boarder
Company may announce bonus or big dividend. Good bargain at 800....
In reply to:
BSE Announcements on Hero Honda
Posted by : MMB Messenger
Hero Honda Motors Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 21, 2008, to consider and approve the un-audited financial results for the second, quarter and half year ended September 30, 2008 (Q2) and to take on record the Limited Review Report of the Auditors thereon.
BSE Announcements on Hero Honda
Posted by : MMB MessengerTracked by: 0 Boarder
Hero Honda Motors Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 21, 2008, to consider and approve the un-audited financial results for the second, quarter and half year ended September 30, 2008 (Q2) and to take on record the Limited Review Report of the Auditors thereon....
marvellous ...
Posted by : GuestTracked by: 0 Boarder
This is one share that is working in the south side of the north facing horse.....
Short Term Buy
Posted by : GuestTracked by: 0 Boarder
Its a value buy at 850. BUY BUY BUY....
In reply to:
Short Term Buy
Posted by : Guest
It did touch 880 before closing at 870. I feel this company will announce something during September results.
Short Term Buy
Posted by : GuestTracked by: 0 Boarder
It did touch 880 before closing at 870. I feel this company will announce something during September results....
In reply to:
Short Term Buy
Posted by : Guest
Buy at 860 ... after 2 days of continuous fall ... this stock will jump back to 900 on 7th Oct.
DO NOT TRADE HERO HONDA
Posted by :
skn_sknTracked by: 0 Boarder
This is the only stock which is still in GREEN in my portfolio. It is one of the few stocks which resisted the downfall for long and still close to its 52-week high....
In reply to:
DO NOT TRADE HERO HONDA
Posted by : Guest
Do not buy/trade/arbitrage. This stock is displaying highly unusual trends.
It does not stand to any financial market theory.
Best Avoided ... it can be very volatile ... there`s lul before the storm.
Short Term Buy
Posted by : GuestTracked by: 0 Boarder
Buy at 860 ... after 2 days of continuous fall ... this stock will jump back to 900 on 7th Oct....
In reply to:
Short Term Buy
Posted by : Guest
In the short term this stock is expected to touch 950 before correcting.
Its a market leader in 2 wheelers. The competition (substitute effect) from Nano has takena hit and delays will benefit Hero Honda.
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