Hero MotoCorp – Technical Insight

Hero MotoCorp – Technical Insight (For Educational Purpose Only | SEBI Reg. INH000019886) 🔹 Pattern Setup: The stock earlier formed a Bullish Flag and delivered a strong breakout. Since then, price has maintained a steady uptrend, respecting higher highs and higher lows. 🔹 Momentum & Price Action: Strong bullish candles riding the upper Bollinger Band clearly show aggressive momentum. Price is consistently holding above the 20 EMA, confirming trend strength. Volume expansion on green candles suggests sustained institutional participation. 🔹 Key Levels: Support: ₹6,080 / ₹5,880 Resistance: ₹6,450 – ₹6,530 (upper band zone) 🔹 Outlook: Bias remains firmly bullish as long as the price holds above the 20 EMA. A breakout above ₹6,530 can extend the move toward ₹6,700 – ₹6,850. ⚠️ Disclaimer: Educational analysis only. Not a buy/sell recommendation.