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.
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.The Great Diwali Discount!
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