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Friday, January 31, 2014

HEROMOTOCO



            HEROMOTOCO is closed at 1975.20. Slowly the trend is reversing and the downward movement is speeding up. After making an interim top in December 2013, it started coming down and today after making a long upper tail it closed near the low. One can short this stock below today’s low i.e. below 1963. One can set
the targets of 1942 & 1920 for this short trade. A closing basis Stop Loss must be kept at 1990.



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