HERO HONDA Daily NSE Stock Chart Technical Analysis
Hero Honda was seen struggling for support today. It opened at 1828 and CMP is 1809.95.
Market Outlook:
As analyzed in Monday post, the price is falling since the past 3 days.
Tomorrow also the price could fall but will try to remain near today's close and not fall too deep.
The price fall should slow down now and then the stock could make an upward correction.
Next level of support if the price continues to fall is Rs 1775.
Technical Indicators:
The price fell intraday below its 1807 support but recovered to close above this support line, which is a positive sign.
The price could fall again tomorrow but can rise again soon.
The price has reached the oversold levels which also indicates that this stock could make an upward correction.
Long term view of this stock does not seem positive even if the price makes an upward correction.
HERO HONDA Daily NSE Stock Chart Technical Analysis
No comments:
Post a Comment
Post comments to share your thoughts and interact with me. Communication from you inspires me to keep posting !