Moneycontrol
Last Updated : Dec 03, 2018 10:37 AM IST | Source: Moneycontrol.com

Buy Hero Motocorp with target Rs 3,350: Shabbir Kayyumi

One can take entry in the stock around Rs 3,000 levels with stop loss at Rs 2,900 for the target of Rs 3,350 levels.

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Shabbir Kayyumi

Narnolia Financial Advisors

After hitting the low of Rs 2048, Hero Motocorp has reversed from its downswing and formed a morning star which suggest upside momentum in the coming days. Bullish crossover in MACD below central line and sustainability of RSI above 9 days EMA indicate bullishness.

Moreover, emergence of Bullish belt hold candlestick pattern on daily chart is giving more strength to bulls. One can take entry in the stock around Rs 3,000 levels with stop loss at Rs 2,900 for the target of Rs 3,350 levels.
First Published on Dec 3, 2018 10:37 am
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