Sudarshan Sukhani of s2analytics.com is of the view that one can buy Hero Motocorp .
Sukhani told CNBC-TV18, " Titan has been falling for the last three days. Earlier also it made a new high and then closed at its lows. So for the last four days it's going against the market. It hasn't outperformed the broad market, while as a midcap it should have. Then it does appear that the bear market in Titan may actually be continuing while the Nifty maybe doing something else. So it's not only a hedge independently, I think it's a short sell on any signs of weakness."
He further added, "Hero Motocorp for technical traders has made a bullish head and shoulder pattern and broken down out of that. That gives a target of almost Rs 2,100. It's not surprising. It went up all the way to Rs 2,200 just a few months ago. So Hero Motocorp is a buy for today, the breakout occurred yesterday."
"There should be fairly good follow through either today or on Monday. Sometimes there is a day's gap we don't know when. But more important you buy calls, you buy futures, you buy equity. There are significantly higher targets ahead."
