Hero Motocorp stock view for 2014

Hero Motocorp stock view for 2014

 Hero Motocorp stock daily chart

Hero Motocorp stock daily chart analysis

Hero Motocorp stock on last trading session closed at 2208 with gain. On daily chart, stock price trend and momentum both are bullish. Stock is trading above major short-term average with mixed indicators patterns. On upside 2235 and 2340 are strong resistances as well as targets for short terms. On downside, 2125 is major support and below it, next support will be 2030. Daily chart indicators patterns are mixed.

Traders here above 2125 keep buy on dips view with strict stop loss below 2100 for target 2235 and then 2340 in next 1 to 3 months period.

Hero Motocorp stock weekly chart

Hero Motocorp stock weekly chart analysis

Hero Motocorp stock on weekly chart is showing gains for this week and going though consolidation phase. Weekly chart price trend and momentum both are bullish. 2080-2095 is major support area and above it keep medium term long view for stock. On upside 2510 and 2940 are strong resistances as well as targets for next 6 to 12 months period. Below 2080, next major support will be at 1680. Weekly chart indicators patterns are mixed.

Medium term traders and investors keep buy and accumulation strategy above 2080 for target 2510 and then 2940.

Hero Motocorp stock performance chart

Hero Motocorp stock monthly chart analysis

Hero Motocorp stock in last 6 month had given only 5% returns while major indices rallied by 8-9%. So underperforming but still with gains. For investors 2000-rupee level is important support if stock gives monthly closing below it then that will be exit signal. On upside 2880-2940 is 12 month target zone and 3700 rupees is 3 to 5 years view target zone. 1200-1400 rupees level was best buy zone and last seen in 2013. While long term undervalue zone was at 400-500 rupees from where this Bull Run was started. Hero Motocorp stock fundamentally is good company but valuation wise looks attractive around 1500-1600 rupee zone so watch for that.

Hero Motocorp company description

Hero MotoCorp Limited, formerly Hero Honda Motors Limited is an India-based company engaged in the manufacture of motorcycles. The Company is engaged in manufacturing of two wheelers and its parts and ancillary services. The Company’s bikes are manufactured across three manufacturing facilities. Two of these are based at Gurgaon and Dharuhera, which are located in the state of Haryana in northern India. The third manufacturing plant is based at Haridwar, in the hill state of Uttrakhand. The Company offers a range of bikes which include CD Dawn, CD Deluxe, Splendor Plus, Splendor NXG, super splendor and Passion Pro. In April 2013, Hero Motocorp Ltd incorporated an off-shore investment subsidiary in the Netherlands. In July 2013, Hero Motocorp Ltd announced has incorporated a wholly owned subsidiary in the United States by the name of HMCL (NA), Inc. In December 2013, Hero Motocorp Ltd formed a joint venture with Magneti Marelli to develop and manufacture new fueling systems

Hero Motocorp stock fundamental ratios
Range 2,151.00 – 2,194.00
52 week 1,563.60 – 2,300.00
Open 2,184.00
Vol. 222,932.00
Mkt cap 432.43B
P/E 20.31
Div/yield 60.00/2.77
EPS 106.61
Shares 199.69M
Beta -
Inst. own -

Updated: August 28, 2014 — 11:46 AM

The Author

Pramod Baviskar

Professional Financial Market Trader and Adviser Working since 2007 Developer of Trade-master™,Future-master™,Option-master™ and Now Signal-Pro™(Professional Trading system for Amibroker software) Working and Developing Auto-trading robots for various Financial Market. Follow Me on : Facebook-Twitter-Google-YouTube-Pinterest

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