TradingSutra

HEROMOTOCORP: Correction ahead

Short
NSE:HEROMOTOCO   HERO MOTOCORP LTD
After rising in an impulsive manner & a thrust after a triangle suggests that stock has completed its impulse move of wave 1. Post this stock is likely to give three wave correction of which we have already seen wave A & B. One should go short on the stock keeping SL of 2817 & look for the target of 2625/2580 in the coming session.

Manish Bhardwaj (CMT L-1)
Analyst & Co-Founder
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