Hero MotoCorp Limited
Update :
28 May 2021 - Day 2
Hero MotoCorp Limited (Rs.2964.7)
This stock was recommended on 27/05/2021 at Rs.2964.7. Stop loss was placed at Rs.2940. This stock touched a low of Rs.2935 on the day of recommendation. Since stop loss was hit, no update is given today, though the stock bounced back and closed at Rs.2991.3 after hitting the first target of Rs.3020.
Stock Tip :
27 May 2021 - Day 1
Hero MotoCorp Limited (Rs.2964.7)
NSE Symbol : HEROMOTOCO
Current Trend : Down Trend to flat with positive momentum
Brief background : This stock saw a consolidation at Rs.2750 price level between 12 April 21 and 5th May 21. From 5th May several attempts made to clear the price level of Rs.2880 with no success. Current upmove is formed at Rs.2850 on 21st May 21 which is expected to move further upwards. Buyers are expected to outnumber sellers in this stock.
Supports : Supports exist at price levels of Rs.2915 / 2890 / 2860
Targets : Rs.3020 / 3044 / 3080 / 3115 in the next 5 to 7 trading days.
Stop Loss : Rs.2940
Exit Point : Rs.2865
Note : Exit point is the place where the stock is going to reverse the current upmove. Hence, holding of long positions based on the above stock tip below this point may result in considerable losses.