heromotoco future above 2540 remain buy tgt 2710-2860

heromotoco stock technical analysis

heromotoco stock technical analysis

Heromotoco stock after touching a low of 2450 given smart buying rally up to 2730. Now again correcting and today trading down with almost 3% cut. Technically stock looks strong and might outperform the market in short term. On downside 2540 is strong support zone and today stock tested it and trading above it. Above it, short term traders keep a long view on stock for targets 2710 and then 2860. The stock gave almost 50% retracement of the last move and sustaining it. So this looks buying the opportunity to me with strict stop loss. Future traders already gave buy call for HEROMOTOCO future with price target 2710. From long term view, this fresh upside move in stock might test 3030 target.

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