Investors' Tuesday Tips: Hero MotoCorp, Indus Towers, ABB India Stock: Experts

On Tuesday, investors may consider their positions in Hero MotoCorp, Indus Towers, and ABB India stocks based on recent market trends and expert recommendations.

Hero MotoCorp saw a notable rally, gaining 3.6% to Rs 4,684. It formed a long bullish candlestick pattern on the daily charts with above-average volumes, suggesting a breakout of downward sloping resistance trendline. The stock has climbed back above all key moving averages, indicating positive momentum.

Indus Towers emerged as the top gainer in the F&O space, rising 8.4% to Rs 271, marking its highest closing level since January 17, 2022. The stock formed a robust bullish candlestick pattern on the daily timeframe with above-average volumes after recent consolidation. It is trading above all key moving averages, signaling a positive outlook.

ABB India rose by 1.75% to reach a record closing high of Rs 5,967. It formed a bullish candlestick pattern with above-average volumes, sustaining an uptrend for the third consecutive session. The stock is comfortably trading above all key moving averages, indicating strength in its trend.

Disclaimer: The views and investment tips expressed by investment experts. Bizz Buzz News advise users to check with certified experts before taking any investment decisions.

According to expert analysis:

Indus Towers: The stock is in a strong uptrend, supported by a series of higher tops and bottoms on the weekly chart. It has witnessed a breakout at Rs 235 levels with significant volumes, indicating increased participation in the rally. Investors are advised to buy, hold, and accumulate this stock with an expected upside of Rs 300-335, with downside support around Rs 250-230 levels.

ABB India: The stock is also in a strong uptrend across all time frames, forming higher tops and bottoms. It has recently registered an all-time high at Rs 6,034, indicating bullish sentiments. Investors are recommended to buy, hold, and accumulate this stock with an expected upside of Rs 6,130-6,350, with downside support around Rs 5,800-5,600 levels.

Hero MotoCorp: While the stock is consolidating within the range of Rs 4,000-4,300 in the short term, its medium- and long-term trend remains bullish. It has confirmed a "Rounding Bottom" formation breakout at Rs 4,130 levels on the monthly timeframe. Investors should consider buying, holding, and accumulating this stock with an expected upside of Rs 5,100-5,500, with downside support around Rs 4,400-4,200 levels.

Investors may consider maintaining or adding to their positions in Hero MotoCorp, Indus Towers, and ABB India stocks based on the analysis provided and their individual investment strategies and risk tolerance.