Hero Moto Corp is now trading at its support level. This support level comes from Fibbonacci Retracement. HeroMoto is trading near to its 0.618 retracement at 1917. I have taken this retracement from low made on 8/8/2011 at 1720 to high made on 9/9/2011 at 2237. This suggest that the support comes at the 1900-1920 zones. It is possible to go long with a stop below 1830 which is the .78 retracement. Reader views are welcome. Chart below:
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