Extremely Bullish charts on both daily and weekly timeframes
HeroMotors is almost debt free with a good dividend yield of nearly 3%.
Good ROE and consistent track record for paying healthy dividends
From a technical standpoint, price is sitting on 200 Weekly Moving Average and right below the 200 Day Moving Average. Weekly MA will act as support and Daily may try and act like resistance zone
RSI is peaking up and bullish undertone on both daily and weekly charts. Look for a break above 3000 for a potential target near 3600 levels.
PLs do your own analysis before you take the trades
HeroMotors is almost debt free with a good dividend yield of nearly 3%.
Good ROE and consistent track record for paying healthy dividends
From a technical standpoint, price is sitting on 200 Weekly Moving Average and right below the 200 Day Moving Average. Weekly MA will act as support and Daily may try and act like resistance zone
RSI is peaking up and bullish undertone on both daily and weekly charts. Look for a break above 3000 for a potential target near 3600 levels.
PLs do your own analysis before you take the trades