SrinathJagan

Hero MotoCorp will shine or not ?

Long
NSE:HEROMOTOCO   HERO MOTOCORP LTD
The level of 2750 becomes the consistent supply and demand zone when breaking down its historical path over six months. The trajectory of Hero MotoCorp was on either side and circulating the 2750-point somewhat as a magnetic pole or as a centre pivot line.
From August 2020, 2750 becomes the sturdiest support which ensures consistently help to prevent Hero MotoCorp from a deep dive from the zone (2800 to 2750). Meanwhile, Hero MotoCorp found its rage roughly between 2750 to 3200. Hero MotoCorp is below 0.236 on the Fibonacci Retracement nonetheless, the stock retracement was noticeable. MACD crossover below the histogram in day candle where the stock sustained at 2800 point.
Note* This is not a recommendation to buy or sell.

Comments