HERO MOTOCO 09.07.2018 02:40PM

Hero Motocorp stock’s technical chart has taken the formation of “Rectangle chart” pattern in a daily time frame. As we can see the last few sessions been strongly bullish in trend after retesting the pattern’s horizontal support line. According to the pattern’s technical aspects,the market is expected to continue on bullish momentum. The positive rally could be testing 3725-3825 levels in the upcoming sessions. On the other hand, the stock might have a chance to turn negative for a small correction inside the channel.The correction’s rally might test 3600-3550 levels. Key resistance holds at 3825 and support at 3400.

Technical Chart:

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