Hero Motocorp has target of Rs 2000: Sukhani

Hero Motocorp has target of Rs 2000, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Whatever correction comes in Hero Motocorp is just a correction. I do expect October to end higher than wherever we end today. The stock is now making a very decent bullish pattern. It is one of the better stocks in the universe among the blue-chips also.”
He further added, “All stocks correct it is something I explained repeatedly and we saw a deep correction in this one also. That correction seems to be over. So for a person looking for an opportunity, an intraday trade is available here on the long side and somebody who is willing to develop a long position here, I expect a breakout and eventually a crossover. Immediate targets are shallower but eventually something above Rs 2000."
"Once a stock begins a correction we need to have some patience for the stock to develop and give us signs that the correction is done with. Ranbaxy is giving us those signs. Now it is anybody's guess whether this works out or not. That is of course a question with every trade. But here we have seen a dips, we have seen the dips stop. That means the trend is clearly up and now there is a strong chance that Ranbaxy can resume its advance, so all the odds are staked in our favor. In a choppy market, in a market that begins to move up, Ranbaxy in either case should do well. Unless the Nifty crashes well of course all buy signals go void."