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.
הערה:
3500 done.
Stock has started flying.
Stock has started flying.
הערה:
3900!
Hope you are having a smooth ride in this auto stock
Hope you are having a smooth ride in this auto stock
הערה:
ATH is here in 3 months! That's a quick 30% move
הערה:
4450 from 2950. Greenery back to all old investors!
Breakout is done, almost ;)