The stock shows range bound movement in today’s trading session and ends on negative note. The stock now faces resistance at 1096 and support at 1073. The stock can continue its bearish trend below support level in near future. One should avoid taking any position in the stock and should wait for break out of either side.
After showing a straight up rally from past many sessions the stock is sustaining at the higher levels facing major resistance at the level of 494 in short term. The stock has consolidated today with the negative biasness. Its immediate support is at the level of 480 with the breach of which one can see a downturn in the stock. One can wait for the break of either of the levels.
HERO MOTOCORP is trading with the negative biasness in recent trading sessions managing to take support at the level of 1852 below which it is likely to continue the downtrend in the short term or it may sustain at the same level. It is presently facing strong resistance at the level of 1933 beyond which the stock is likely to trade upward.