Hero Motocorp trading near moving averagesHero Motocorp on a weekly time frame is taking support from its 20 ema.
The stock had closed between the two moving averages.
For last 3 trading session the stock is trading in a narrow range and the moving averages on daily time frame has coincided.
The levels for the stocks are marked on the chart itself.
On smaller time frame, the price range is narrowing down and the stock can give a nice move on the either side.
support :- 2555, 2525
Resistance :- 2614, 2645
Wait for the stock to break and close outside the box on a daily time frame.
The trade can be a swing or intraday trade.
