HERO MOTOCORP
- As per previous report published on HERO MOTOCORP stock failed to close above its major resistance @ 2625 and stock shown weakness after that and made a low @ 2490. (Click here to see previous report published on Hero Motocorp).
- Now current chart indicates that stock is again trying to test its previous resistance @ 2625, once Hero closes and stays above 2625 then stock will be in bulls grip for next few trading days. And stock will find next strong trend line resistance around 2690 as shown in chart no 1.
- Free intraday tips - close watch once Hero starts trading above 2625 during market hours , if holds above 2625 then bulls action is expecting.
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- Daily chart also indicates Hero Motocorp is moving up from 100 days moving average, as long as stock holds above 100 DMA it will favor bulls. By looking closes at Hero Motocorp chart no2 it shows that from last 2 times stock moved up from 100 DMA , and this time too it is moving up. Close Watch.
- Suggested Reading - UCAL FUEL has formed triple bottom formation , stock will favor bulls once closes above its resistance.
- As per graph no 3. Hero Motocorp was moving in a down channel formation, but stock has now come up from its down formation, this will favor bulls, Once stock closes above its resistance of 2625 then bulls to get active in this stock. close watch.
- Click here to see all the free trading reports (tips) published by us on HERO MOTOCORP.
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