Hero MotoCorp showing signs of bottoming out; time to buy?

“Hero MotoCorp stock has made a good base near 5000 levels and after the pause in August, it is gearing up for a fresh move as a follow-up can be seen after the negation on a weekly basis. Traders can buy for a target of Rs 5900 in the next 1-2 weeks,” Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.

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