Hero Honda Motors stock price on NSE is currently sideways and closed at Rs. 1907.75 today.
The price has found good support at the Fibonacci 78.6% price level (Rs. 1766.70).
It has also found support on the 250 day moving average, with whom the price has reconnected after an entire year.
A closer look at today's chart shows a long white candle with strong volume. Rs 1933 and Rs 1977 are the next two psychological barriers to this price. Indicators don't point to a fall in the price tomorrow and the week should end on a positive note.
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