Investment (MULTIBAGGER) pick of the week. Hero Motor.Hero made its all time high in Sept. 17. After a long consolidation, last week, it has given breakout and closing above 4100. Now this stock is ready to fly. I love when fundamentally strong companies gives technical breakouts. Its the best time to make wealth. I am recommending this stock from 2900, however, this is still a very good buy for an Investor.
There will be 2 possible scenarios' in this case.
Once a stock hits all time high, there is a high probability it will take a major resistance and fall down. This, however, is a good opportunity for investor to make positions. Try to accumulate this stock between 3500 - 4100 range. If you get at lower price, even better.
If you get next 2 weekly closing above 4100, buy aggressively as that would confirm the breakout.
If you are ready to hold this stock for next 2-3 years, targets would be very agressive.
CMP - 4140 W
T - 5600, 8000 W
