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HomeNewsBusinessStocksBuy Hero Motocorp, says Mazhar Mohammad

Buy Hero Motocorp, says Mazhar Mohammad

Positional traders are advised to buy into this counter for a target of Rs 3,749. A stop-loss suggested for the trade is below Rs 3,500.

June 04, 2018 / 14:51 IST
Hero MotoCorp | Company sold 5,91,091 units of motorcycles and scooters in November 2020, against 5,16,775 units in November 2019. (Image: PTI)
     
     
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    Mazhar Mohammad

    After retracing 50 percent of its rally from the recent lows of Rs 3,445 Hero Motocorp appears to have resumed its up move after hitting a low of Rs 3,528.

    The momentum in this counter shall pick up once it manages a close above Rs 3,624 paving way for a swift up move towards Rs 3,700 levels.

    Hence, positional traders are advised to buy into this counter for a target of Rs 3,749. A stop-loss suggested for the trade is below Rs 3,500.

    Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    Moneycontrol News
    first published: Jun 4, 2018 02:51 pm

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