-------- Forwarded Message --------
Subject: Hero Motors: Will Be "Hero" By Only Sustaining Abv 2870-2910
Date: Thu, 3 Mar 2016 10:22:06 +0530
From: Asis Ghosh <asis...@gmail.com>
Reply-To: asis...@gmail.com
*For HM, consecutive closing above 2870-2910 zone, *
*target may be around 3300-3500;*
*Otherwise, it will be weak and below 2800, *
*can fall towards 2725-2450 area*
Staggered nature of 7-PC and tepid consumer mood may
affect highly expected incremental sales growth, despite hopes of rural push
(Any possibility of bad monsoon this year will also affect sentiment)
*Trading Idea:*
CMP: 2806
Sell either below 2800 Or on rise around 2870-2910;
TGT: 2725*-2625-2570-2470*-2450 (1-3M)
TSL> 2940
Note: Consecutive closing (3 days) above 2940 for any reason, HM may
further rally up to 3020-3110-3180-3270 & 3500 zone in the short to long
term (alternative bullish case scenario)
*As par BG metrics & current market scenario:*
(based on TTM & projected FWD EPS with avg PE at 20)
Current median valuation of HM may be around: 2700 (FY:15/TTM)
Projected fair valuations might be around: 2860-3075-3315 (FY:16-18/FWD)
SCRIP EPS(TTM) BV(Act) P/E(AVG) Low High Median
200-DEMA 10-DEMA
HEROMOTOCO 139.95 327.58 20 2686.53 2709.97 2698.25
2578.58 2623.77
HEROMOTOCO 157.15 370.25 20 2846.84 2871.67 2859.25
2578.58 2623.77
HEROMOTOCO 180.75 418.45 20 3053.12 3079.76 3066.44
2578.58 2623.77
HEROMOTOCO 210.85 475.85 20 3297.56 3326.33 3311.94
2578.58 2623.77
*Analytical Charts:*
<https://4.bp.blogspot.com/-XH0v8_wxNPU/Vte6j15c7YI/AAAAAAAAGVI/EWIciS4NBvg/s1600/HM-02-03-2016.png>
<https://1.bp.blogspot.com/-Z5qzRh5fxGc/Vte6lrwCU-I/AAAAAAAAGVM/CXoV8zWEkMI/s1600/HM-FIBB-02-03-2016.png>
<https://3.bp.blogspot.com/-JujSf5IGpck/Vte6rYoGVSI/AAAAAAAAGVQ/y4ma7uB7LcY/s1600/HM-WK-02-03-2016.png>
<https://2.bp.blogspot.com/-due--NiRT2k/Vte6tD9ipuI/AAAAAAAAGVU/XML2syah3Ow/s1600/HM-TL-02-03-2016.png>
<https://2.bp.blogspot.com/-llggzbf2Bi8/Vte6vEX3JbI/AAAAAAAAGVY/ph7Y2JjWNmI/s1600/HM-PATTERN-02-03-2016.png>
<https://3.bp.blogspot.com/-8Lk0KnxoMQc/Vte6x_NAxoI/AAAAAAAAGVc/OnxZZpqmDpU/s1600/HM-TL-MT-02-03-2016.png>
--
Thanks & Regards,
Asis Ghosh
(asisghosh.blogspot.com)
NCFM-TA Certified
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