Hero Motocorp Move Past Strong Support Zone

  • Shares of Hero MotoCorp were trading lower for the twelfth straight day on its daily chart and tested a new 52-week low on 28th March 2019.
  • The stock is witnessing continuous lower top and lower bottom formation and currently moved past a strong support zone at 2600 level.

  • The level of 2850 will act as a resistance zone.
  • On the indicator front, the stock is well placed below its 21-days moving average.
  • The stock has broken below the 2560 level however the stock needs a high-volume breakdown to confirm a big down side rally.

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Hero Motocorp Move Past Strong Support Zone

Hero Motocorp Move Past Strong Support Zone Shares of Hero MotoCorp were trading lower for the twelfth straight day on its daily chart and tested a new 52-week low on 28th March 2019. The stock is witnessing continuous lower top and lower bottom formation and currently moved past a strong support zone at 2600 level. The level of 2850 will act as a resistance zone. On the indicator front, the stock is well placed below its 21-days moving average. The stock has broken below the 2560 level however the stock needs a high-volume breakdown to confirm a big down side