Hero Honda (3655) :  Buy

SL below 3620 on the close; targets 3710 and 3755.

If it moves above 3755 and sustains there then use a trailing stop of 3750 on the close and continue to hold on. The rationale is very simple for the last 3 days, it tested its 200-day EMA and finally with good position building it moved above the average yesterday.

Whenever a stock tests its 200-day EMA for the time in its bull market after quite a few months, it becomes at least a short term buy candidate; however, if it closes below the MA—currently @3620—you should sell it off as a trade not working out since the basic premise has been violated.