HEROMOTORCO UPDATE

HEROMOTORCO yesterday achieved our projected target of 3400 on cash.

We have been holding a BULLISH view here since 12th,OCTOBER from levels sub 3100.

it has been a tough job since late october to nail profits above 5% on a swing trade at one go.
Specially in large caps accept 4/5 stocks we have not seen sizable price expansion which we look for before picking up trades.
AUTO as a sector have done well,
2 wheelers in particular have been very strong.
Coming back to HEROMOTORCO now,
Above 3400 our ultimate targets would be 3600-3650,
but this should be an end of the move so have to be careful.
better to secure majority part of profits and leave rest.