Buy Hind Motors: Religare Securities

MUMBAI: Religare Securities advises buying shares of Hind Motors for the short term with the company���s weekly candle chart showing a bullish trend.

Hind Motors: The weekly candlestick chart of Hind Motors shows a bullish candle on high volumes. It is getting support around Rs 20-21 after a vertical decline from Rs 40.10. Trend continues to remain down but the selling force appears to taking a pause. One can accumulate preferably in declines at Rs 23-24 with a strict stop loss below Rs 21.40 in close for a pullback to Rs 28-31.50 in the coming 2-3 weeks.

*Trade in cash and in small quantities.