Below Rs 670, further downside in Hero Honda

Published on Fri, Jun 08, 2007 at 11:33 |  Source : Moneycontrol.com

Updated at Fri, Jun 08, 2007 at 12:29  

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Rajat K Bose, Technical Analyst, .

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Technical Analyst, Rajat K Bose is of the view that if Hero Honda slips below Rs 670 there will be further downside in it.

Bose told CNBC-TV18, "In Hero Honda if Rs 670 gets broken then there would be more problems, it can go much further down from the current levels. But till Rs 670 doesn't get broken, we would say that there could be some hope that there would be a bounce back in the stock. But I avoid giving any long recommendation on either the two-wheeler or the 4-wheeler stocks because most of them are looking weak and may slide down further."

  

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