The stock was underperforming for the last few months and the stock is ready to resume the uptrend. Golden crossover is possible on the daily charts as well as weekly charts. RSI is above 50 and the auto sector has started showing the trend. Hero MotoCorp looks good for the short term.
According to the company, they have more inventories than their peers and as Diwali is near the corner, it will help them to sell more 2W than competitors.
If stock is above 2860 with good volume then it will be a buy signal.