Signals, Powered By EquityPandit
Hero Motocorp closed the previous week on a negative note losing 5.15%.Technically, Hero Motocorp share price will see immediate support at 2,922.32 and immediate resistance would be seen at 3,081.42.
If Hero Motocorp share price closes below immediate support of 2,922.32, then sharp breakdown can be seen. Hero Motocorp share price will see major support at 2,846.43 for the week.
On the positive side, immediate resistance will be seen at 3,081.42. Closing above 3,081.42, Hero Motocorp share price will see a sharp breakout. Major resistance for Hero Motocorp share price will be seen at 3,164.63 for the week.
Trading range for Hero Motocorp share price for this week should be between 2,763.22 on down side and 3,240.52 on up side.
Hero Motocorp Previous Week High: 3088.75
Hero Motocorp Previous Week Low: 2929.65
Hero Motocorp Previous Week Range: 159.1 Points
Hero Motocorp share price support and resistance for the week (August 14, 2023 – August 18, 2023)
| Level Type | Value |
|---|---|
| Resistance 3 | 3,240.52 |
| Resistance 2 | 3,164.63 |
| Resistance 1 | 3,081.42 |
| Support 1 | 2,922.32 |
| Support 2 | 2,846.43 |
| Support 3 | 2,763.22 |
