Hero Honda Daily NSE Stock Chart Technical Analysis:
Hero Honda is taking Fibonacci levels support and closed at the 61.8% level today after opening at 50%. In price terms, it closed at Rs 1867.65 after opening at Rs 1853.
Market Outlook: The price will find resistance near today's close and fall back again the day after.
Technical Indicators:
- The price is trying to take support of the Fibonacci retracements as mentioned above.
- The interest in the stock at this price level seems unsustainable and the price should fall back very soon. Today's price spurt seems to be an attempt to drive the prices higher but no one in the market seems convinced with today's rate.
No comments:
Post a Comment
Post comments to share your thoughts and interact with me. Communication from you inspires me to keep posting !