Hero MotoCorp quick 25% gain

٣ مايو

The stock has had long periods of consolidations/corrections; last being Feb 2021 to Mar 2023 and then a spurt in price. It currently seems to be in Wave (V) of 3 which is likely to achieve a target of 5700, a 1.618 Fibonacci level as seen in the chart. Any fall from current level (4550) towards 4200-4000 should be used as an opportunity to accumulate.

Wave 3 in EW analysis is said to the best wave to be invested in because it is the longest and the fastest wave. This is not a trade recommendation. Please do your own due diligence.