Hero motors-Green days ahead?
Aggiornato
Hero motors stock has formed a cup and handle pattern from past 4 years.
A breakout of this pattern will unlock new highs for the stock.
From investment POV, stock offers attractive dividend yield of more than 3% at CMP.
Some ratios from fundamental analysis are:
D/E is almost 0
ROCE>20%
ROE>15%
PE is 20 at CMP
For trading purposes, stock is risky considering broader markets are at lifetime high.
Best buy level is anywhere close to 2930-2950 with SL of 2700 DCB.
Targets are 3300 and above that stock can fly to ATH if market supports.
IDEA SHARED ONLY FOR EDUCATIONAL PURPOSES.
A breakout of this pattern will unlock new highs for the stock.
From investment POV, stock offers attractive dividend yield of more than 3% at CMP.
Some ratios from fundamental analysis are:
D/E is almost 0
ROCE>20%
ROE>15%
PE is 20 at CMP
For trading purposes, stock is risky considering broader markets are at lifetime high.
Best buy level is anywhere close to 2930-2950 with SL of 2700 DCB.
Targets are 3300 and above that stock can fly to ATH if market supports.
IDEA SHARED ONLY FOR EDUCATIONAL PURPOSES.
Nota
3275 high. Almost near T1.Breakout is done, almost ;)
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3500 done.Stock has started flying.
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3900! Hope you are having a smooth ride in this auto stock
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ATH is here in 3 months! That's a quick 30% moveNota
4450 from 2950. Greenery back to all old investors!
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