Hero Moto Corp BO @ 3000
Weekly charts show a rounding bottom and multiple attempts to break 3000 have been made.
Money Flow Index is turning positive, and on daily chart Trend line and immediate resistance of 3000 are coinciding . Also a long consolidation range might break with a closing above 3000. Also, 200 DEMA is at 2985 levels, which will indicate first bullish sign.
Next resistance is seen directly at 3400 levels and strong support is seen at 2750 levels
Money Flow Index is turning positive, and on daily chart Trend line and immediate resistance of 3000 are coinciding . Also a long consolidation range might break with a closing above 3000. Also, 200 DEMA is at 2985 levels, which will indicate first bullish sign.
Next resistance is seen directly at 3400 levels and strong support is seen at 2750 levels
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