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Stock stuck in a range bound zone technical indicates as long as its moving in between its range trend will be mix with no clear direction, stock also finding strong 100 days moving average resistance at current levels. Click here to see technical chart of hero motocorp with auto buy and sell signal.
Stock was on news - Hero motocorp claim Splendor Smart gives max. average globally Hero Motocorp is the India`s second largest two - wheeler marking is working to extend it fuel mileage.
"As per the latest (March, 2015) Fuel Efficiency (FE) values, Splendor iSmart returned a mileage of 102.50 kilometer per litre," a Hero MotoCorp spokesperson said, he also said that it has been certified by iCAT.
Article you might be interested reading - fundamental analysis of stocks.
Hero new technology i3S automatically shuts down the engine if idling and it can be turned on with a simple press of the clutch, since last year company has sold more that 1 lakh units hence made Slpender largest selling motorcycle in the world, sold approx 2 million units every year.
Ex showroom price around Rs.50000/- delhi. As per financial year 2013-2014 hero motocorp sold 62,45,960 units and in financial year 2014-2105 the numbers are up by 6% sold 66,31,826 units.
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ADITYA BIRLA NUVO
Stock finding strong resistance at current levels as shown above, technical indicates further price rise can be seen once stock starts trading above its 100 DMA........ Visit our sire for intraday tips india.
Stock was on news - Aditya Birla group plans mega retail merger via share swap. Pantaloons said it will offer up to 20 per cent of stake in tranches to new financial investors on the expanded capital after the merger is over.
Aditya Birla Retail plan.
- Madura Garments, More super stores to be merged with Pantaloon Retail
- Pantaloon to offer 20% stake on the expanded capital of the merged entity
- Birlas not to vote voluntarily at Pantaloons' extraordinary general meeting on preferential allotment to new investors
- Each investor to get one seat on the board of Pantaloon.
- No veto power to any private-equity investor on the Pantaloon board
- Work on valuation and swap ratio going on.
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NIFTY FUTURES has formed dojij candle formation in daily charts - updated on 08th April 2015, Wednesday.
Nifty futures has formed doji candle formation in daily charts, technical indicates sharp movement is expecting once Nifty Futures starts trading above its yesterday high.
You might be interested in reading article - nifty guide.
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