Friday, May 6, 2011

Hero Honda Motors Ltd.( HEROHONDA)-A MultiBagger,Buy/Sell/Hold,Growth Pospects and Recomendation,News and Results,Target Price and Analysis,Views and Outlook


HEROHONDA  closes  at Rs. 1697.45 with a increase of +6.20% on 05 May 2011 with formation of  Long White  Candle on Daily  Price Chart. Technically, HEROHONDA  is looking good daily price charts. Major momentum indicators are in Bullish zone. PIR daily is trading above its weakly value. Swing 350 is also Greeen. Momentum Indicators- Spearman has given bullish cross-over.Centre of Gravity is moving upward from its lower levels, marking a start of new Upmove.
We Recommend to BUY   –  HEROHONDA at CMP
Target-1805/2075
Stop-Loss – 1665
Time Frame- 30 Trading Days
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