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DEEPAK PAL

2nd May · SEBI-Registered Analyst

Hero MotoCorp – Driving Volume Leadership Today, Building Mobility Growth for Tomorrow.

Technical view The uploaded daily chart shows that

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Hero MotoCorp is trading below multiple moving averages, which suggests that the broader short-term trend is still under pressure. The
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chart also shows a recent bounce from lower levels, but price is still struggling below overhead resistance zones, so recovery is not yet fully confirmed. Visible chart indicators show MACD in a weak zone and RSI near the mid-40s, which usually points to limited momentum rather than strong buying strength. Based on published technical levels, immediate support is near 5,000 and then around 4,900, while resistance is near 5,130, 5,200, and 5,290. A practical trading view is this: if the
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stock holds above 5,000 and closes above 5,130–5,200, it can attempt a recovery toward 5,300 and above. If it slips below 5,000, then weakness can extend toward 4,900 and 4,800 support zones.
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Recommendation and disclosures For long-term investors,
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Hero MotoCorp looks more like a Hold to gradual Accumulate candidate rather than a clear aggressive buy at current levels, mainly because the business is solid but the chart is still rebuilding strength. For short-term traders, Buy is safer only on a breakout above resistance, Hold is reasonable near support if risk is controlled, and Sell or reduce may be considered if the stock breaks below 5,000 decisively.
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#StockInNews#WatchOutFor#EquityResearch#TechnicalViews#Pre-OpeningCommentary
Daily technical chart Analysis of Hero MotoCorp on 02052026.pdf
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